Does the Family Matter? Improving Executive Compensation Practices in Family Firms
The salaries of top executives can be a hot topic and a source of stress – at family businesses and non-family firms. How can family business leaders decide what’s fair?
Don't Send Your Kids to Work Outside the Family Business Just Yet!
Should family members work outside the family business before joining? Experts have long recommended that this is the best (and only!) way - but does it make a difference, in the real world, to have the next generation work on the outside?
Developing Your Business Family Strategy: Where to Start and What to Consider
Successful, long-lasting business families have a family strategy: A shared understanding of what is important to them, what they want to do together, and how they want to work together to achieve their collective goals and vision.
Family Businesses Must Plan for the Unthinkable
Why do we, as humans, tend to minimize real threats, and what can family businesses do to appropriately prepare for existential hazards?
The current employment squeeze: Curse or blessing in disguise?
Not a single board I am on nor any of the other multitude of business leaders I am in contact with are free from the current wage pressures, perhaps the highest we’ve seen in more than thirty years.
Dealing with the current and coming capacity squeeze
As we are experiencing a serious reduction in manufacturing capacity - as a nation and perhaps globally - I am advocating for an ‘invest in the future’ approach, counter to the tendency to play it safe in times of uncertainty.
A few thoughts on dividends in the family business
Disagreements about dividends can cause serious family conflicts. Family business leaders are left hanging when it comes to developing a dividend policy that supports the business and fits their family’s values, needs, and objectives.