Podcasts about family business management

In this episode of #KarishmaKonnect, meet Dr. Adil Alzarooni, a serial entrepreneur, academic, and Emirati author. He recently launched his debut novel The Red Island: The Gatekeeper at the Sharjah International Book Fair 2024. This literary romance offers an authentic Emirati narrative, exploring love, loss, and cultural identity, set in the UAE's transformative 90s and early 2000s.With a PhD in Family Business Management, Dr. Adil also founded a modern school and runs family businesses, giving him deep insight into the UAE's evolving landscape. He shares his unique perspective on business and literature, discusses the difference between fiction and non-fiction writing, and offers key tips for aspiring entrepreneurs.

Dave Specht is the Director of the Drucker School Global Family Business Institute. His professional mission is to, Preserve Families and Perpetuate Businesses. He is the author of, “The Family Business Whisperer” and thought leader on topics surrounding generational continuity of businesses and family wealth. Prior to his current role, he trained 2,500 top advisors/bankers at a Private Bank on family dynamics and generational wealth issues. Dave is the creator of the Certificate in Advising Family Enterprises and the co-creator of The Generational Wealth Masterclass with Jay Hughes. Prior to his work at the bank, he founded Advising Generations, a consulting firm and established the Family Business Management program at the University of Nebraska. Dave lives in Washington state with his wife and 6 children. Takeaways The upbringing of individuals significantly shapes their relationship with money and business ownership. Ownership mentality can be cultivated and is essential for future generations. Family businesses often have a longer-term view compared to publicly traded companies. Transparency and communication are crucial for the success of family businesses. Spouses play a vital role in the dynamics of family businesses and should be included in decision-making. Wealth should be redefined to encompass well-being and qualitative capitals, not just financial capital. Gratitude, goals, and grit are essential values to instill in children raised in wealthy families. Successful family businesses often have a clear purpose beyond just making money. The transition of family businesses can be emotional and requires careful planning. Empathy is crucial for advisors working with families in transition. Podcast Program – Disclosure Statement Blue Infinitas Capital, LLC is a registered investment adviser and the opinions expressed by the Firm's employees and podcast guests on this show are their own and do not reflect the opinions of Blue Infinitas Capital, LLC. All statements and opinions expressed are based upon information considered reliable although it should not be relied upon as such. Any statements or opinions are subject to change without notice. Information presented is for educational purposes only and does not intend to make an offer or solicitation for the sale or purchase of any specific securities, investments, or investment strategies.  Investments involve risk and unless otherwise stated, are not guaranteed.  Information expressed does not take into account your specific situation or objectives, and is not intended as recommendations appropriate for any individual. Listeners are encouraged to seek advice from a qualified tax, legal, or investment adviser to determine whether any information presented may be suitable for their specific situation.  Past performance is not indicative of future performance.

Ambreen Bhaloo, Family Enterprise Advisor, guest hosts this episode and welcomes Francesco Barbera, Associate Professor of Entrepreneurship and Strategy at The Ted Rogers School of Management for an in-depth discussion on the issue of homogeneity (all family firms are the same) vs. heterogeneity (all family firms are unique). In what ways does family governance lead to greater firm performance? Listen to this episode to find out!   Welcome to Let's Talk Family Enterprise, a podcast that explores the ideas, concepts, and models that best serve Family Enterprise Advisors in supporting their clients.   All views, information, and opinions expressed during this podcast are solely those of the individuals involved and do not necessarily represent those of Family Enterprise Canada.   Guest bio Dr. Francesco Barbera is an Associate Professor of Entrepreneurship and Strategy at The Ted Rogers School of Management at Ryerson University. His teaching and research interests encompass a wide range of topics related to family business, entrepreneurship, small business management, and family business education. Francesco is an international, award-winning author and educator and regularly presents at renowned conferences and workshops.   You can learn more about Dr. Francesco Barbera on the Toronto Metropolitan University School of Management website and on his LinkedIn.   Key Takeaways [:26] Ambreen Bhaloo welcomes Dr. Francesco Barbera and invites him to share a little bit about his research interests and how they inform family advising.   [5:22] Dr. Barbera explains the importance of heterogeneity research when it comes to family enterprises and what this means for advisors.   [7:50] A recently published research explores how family structures impact the way governance leads to performance, Dr. Francesco shares some of the findings.   [11:07] Dr. Barbera explains what family functioning is and why it affects firm performance.   [16:11] The future of family business research looks heterogeneous; Dr. Francesco shares the areas of study he sees coming up next.   [20:23] Staying up to date on the latest academic knowledge will require work on the family advisor's part.   [24:00] About Dr. Barbera's work with the Family Institute.   [27:18] Dr. Francesco Barbera's advice for advisors.   [27:48] Ambreen thanks Dr. Francesco Barbera for sharing his knowledge and closes this episode by reminding listeners about the upcoming Family Business Symposium held from May 27th to 29th in Calgary, Alberta.   If you enjoyed today's episode, you can subscribe to Let's Talk Family Enterprise on Spotify, Apple Podcasts, and other podcast apps. Please remember to share this episode with family, friends, and colleagues. Share your thoughts with us at fea@familyenterprise.ca.   Mentioned in this episode “Family governance and firm performance: exploring the intermediate effects of family functioning and competitive advantage”, Francesco Barbera and Tim Hasso, November 2022, Journal of Family Business Management 13(2)   The Family Business Symposium will take place on May 27‒29, 2024 in Calgary.   More about Family Enterprise Canada Family Enterprise Canada FEC on Facebook FEC on Twitter FEC on LinkedIn

Dave Specht is the Director of the Drucker School Global Family Business Institute. His professional mission is to, Preserve Families and Perpetuate Businesses. He is the author of, “The Family Business Whisperer”.  He is a thought leader on topics surrounding generational continuity of family-owned businesses and family wealth. Prior to his current role, he trained 2,500 top advisors/bankers at Wells Fargo Private Bank on family dynamics and generational wealth issues. Prior to his work at the bank, he founded Advising Generations, a consulting firm and established the Family Business Management program at the University of Nebraska.  During college he attended BYU-Hawaii, where he played on the basketball team.  Dave lives in Washington state with his wife and 6 children.   You can connect with Dave on his LinkedIn page at https://www.linkedin.com/in/davespecht/ --- Send in a voice message: https://podcasters.spotify.com/pod/show/fromthehart/message

Most of the time no one teaches us how to manage and hold people accountable. Listen as Mike and Jackie discuss managing people with the knowledge they've learned over the years. Clarity and communication are key.    Do you or your managers need to learn how to manage? Take advantage of a complimentary business strategy session to discover the opportunities in your business! http://makemoreworkless.actioncoach.com/mmwl-diag-and-questions/ 

ABOUT ROBINRobin Osborne is an executive coach and business consultant who has over 33 years of experience in running her family business. She took over the business at the age of 21 and successfully doubled its revenue in just 18 months. Robin is also a survivor of a life-threatening brain tumor and has used her own recovery journey to inspire transformation in her clients.SHOW SUMMARYIn this episode of the Disruptive Successor Show, Jonathan Goldhill interviews Robin Osborne, an executive coach and business consultant who shares her experience of taking over her family business at a young age and successfully growing it. Robin also discusses her miraculous recovery from a brain tumor and how she has used her own journey to help others achieve their personal and professional goals. She emphasizes the importance of values, communication, and proactive management in family businesses, and provides insights on how to overcome head trash and achieve freedom and fulfillment in both business and personal life.KEY TAKEAWAYSTaking over a family business at a young age requires earning the trust and respect of employees through care, right decisions, and course correction.Adversity can be a gift that leads to personal and professional growth.Implementing a customized operating system and focusing on values can transform a family business and create a healthy culture.Head trash, such as limiting beliefs and negative self-talk, can be overcome through tools like DISC and NLP.KPIs should be tailored to the unique needs of each business and focus on leading indicators that drive outcomes.Personal health and well-being are essential for effective leadership and should be prioritized through measurable goals and self-care practices.QUOTES"We can't change what we tolerate, so we've got to look at the mirror and start with ourselves." - Robin Osborne"Delegation is not something that comes natural for a lot of leaders. So, what's it costing you to do five hours of paperwork a week?" - Robin OsborneConnect with Robin through the link below.LinkedIn: https://www.linkedin.com/in/robinosborn/If you enjoyed today's episode, please subscribe, review, and share with a friend who would benefit from the message. If you're interested in picking up a copy of Jonathan Goldhill's book, Disruptive Successor, go to the website at www.DisruptiveSuccessor.com

Pilar Marques shares on Trans-Generational Transitions and How to prepare siblings for succession About: Pilar Marques is an associate professor in the department of business administration at the University of Girona. She is currently the director of the Chair of Family Business at the same university and was the promoter of the Masters in Entrepreneurship and Business Development. She formerly was deputy vice-rector for International Policy at the same university and research coordinator at the Chair of Family Business. She has participated as an external expert in European projects regarding innovation in SMEs, and has been a researcher or director in several projects within Spanish research schemes. She holds a PhD in management from the University of Girona and a Licenciatura in Economics and Business from the Universitat Autonoma of Barcelona. Her teaching activities focus on strategic management and family business. Her international experience is based on her current academic responsibilities and research activities, her post-doctoral stays abroad and her former professional experience in a global manufacturing company. Her main area of research is family business, especially regarding transgenerational challenges and innovation, with publications on such topics in international journals, such as the Family Business Review, the Journal of Family Business Strategy, the Journal of Family Business Management, European Journal of International Management and Management Decision. Marques, P., Bikfalvi, A., & Busquet, F. (2022). A Family Imprinting Approach to Nurturing Willing Successors: Evidence From Centennial Family Firms. Family Business Review, 35(3), 246–274. https://doi.org/10.1177/08944865221098316 Arbussà i Reixach, A., Bikfalvi, A., & Marquès i Gou, P. (2017). Strategic agility-driven business model renewal: the case of an SME. Management Decision, 2017, vol. 55, núm. 2, p. 271-293. https://www.emerald.com/insight/content/doi/10.1108/MD-05-2016-0355/full/html?fullSc=1 Marques, P., Presas, P., & Simon, A. (2014). The Heterogeneity of Family Firms in CSR Engagement: The Role of Values. Family Business Review, 27(3), 206–227. https://doi.org/10.1177/0894486514539004 Marques, P., Bikfalvi, A., Simon, A., Llach, J., & Lerch, C. (2015). Servitisation and technological complexity in family and non–family firms: European evidence. European Journal of International Management, 9(2), 221-239. https://www.inderscienceonline.com/doi/abs/10.1504/EJIM.2015.067855 Simon, A., Marquès, P., Bikfalvi, A., & Muñoz, M. D. (2012). Exploring value differences across family firms: The influence of choosing and managing complexity. Journal of Family Business Strategy, 3(3), 132-146. https://www.sciencedirect.com/science/article/abs/pii/S1877858512000411 Llach, J., Marquès, P., Bikfalvi, A., Simon, A., & Kraus, S. (2012). The innovativeness of family firms through the economic cycle. Journal of Family Business Management, 2(2), 96-109. https://www.emerald.com/insight/content/doi/10.1108/20436231211261853/full/html

Dr Robert Robert Randolph shares on the Family identity and how it influences Wealth Orientation About: Robert Randolph is an Associate Professor of Family Business Management and Research Director of the Family Enterprise Center at Kennesaw State University. Prior to holding a Ph.D. in Strategic Management from Mississippi State University (2010), Robert provided analytical and field support to economic development activities performed through the Small Business Institute at the University of New Mexico. This insightful work opened Robert's eyes to the transformative power of group-based entrepreneurship as a means of empowerment and wealth creation beyond the predominantly individual-centric models popular in contemporary entrepreneurship theory and practice. Today, Robert maintains this interdisciplinary and community focus by conducting research of family business management, strategy, and advising for both academic and practitioner audiences. His research interests span multiple disciplines and considers how family enterprise coordinates economic, social, and family value creation. His research is published in leading journals in a variety of disciplines; including family business, strategic management, entrepreneurship, tourism & hospitality, and information systems research. In his role as Research Director of the Family Enterprise Center, Robert engages with an interdisciplinary faculty to coordinate a variety of research studies using secondary, primary, and clinical data as well as a variety of quantitative, qualitative, and mixed-methods techniques. The Family Enterprise Center supports a variety of local, regional, national, and international data collections in the form of membership surveys, measurement development/validation, and primary data collections. This infrastructure supports a number of research activities with recent graduate student work in International Conflict Management and Computer

Hi mamas, Today we cancelled on our upcoming guest for what felt like the tenth time. We have been trying our best to get an episode out but struggling with the absolute ENORMITY of motherhood and the mother load. Cleaning.Cooking.Caring for Children.Caring for sick children.Death in the family.Family Business Management.Teething.Starting Solids.Paying the bills.Low libidosRelationship maintenance.The mental load of ensuring you're getting your self-care in.Thats only the tip of the iceberg. We are in the thick of it and in this episode we vent, share our best tips but mainly want to let you know that we're still here, we are here in the trenches with you, beside you in solidarity!  

What are the challenges of creating, working for, or taking over a family business? What are the strengths a family business needs to succeed? How can you avoid the pitfalls that cause the high failure rate in succession of a family business?  Listen as our guest, Dr. Keanon Alderson, gives us a picture of how each succeeding generation tends to lead, what tools are necessary to shape a healthy family business – including a family constitution! -  and what resources are available to owners to help them ensure success through generations. Dr. Keanon Alderson, a dynamic speaker and author of two books, has over 25 years of business experience from working in his own family business, to startups, to management in a global 50 company, and owner of a franchise. With an MBA and a Ph.D. in Organization and Management, Keanon is an Associate Editor the Journal of Family Business Management, has written for many other publications, and has also presented his proprietary research at numerous conferences. Currently, he is a professor at California Baptist University in the Robert K. Jabs School of Business where he teaches courses such as Family Business Management, Principles of Management, and Organizational Behavior. Keanon consults with family-owned firms on succession, corporate and family governance, preventing conflict, and developing an effective board. He also advises financial professionals to understand the complexities of family business owners, what they value, their decision-making process, and how to present information that will get accepted to better serve their clients. Keanon earned his MBA from the University of Redlands and his Ph.D. from Capella University. He enjoys fixing up old homes, fly fishing, and classic rock. He has been married for over 42 years to the love of his life, Sandy, has two sons and two grandchildren, and currently lives in Green Valley Lake in Southern California. Bigger Than Business is the show where you'll discover real-world stories of business owners living their purpose. You'll encounter men and women all over the world who draw strength from understanding why they do what they do and how they remain true to that purpose through the ups and downs every business owner will face.   www.thecapitalchartroom.com

Este podcast es acerca de los NFTs, qué son, a donde van y por qué todo mundo habla de ellos. Marysol Mauricio tiene Certificación oficial de Blockchain Academy Blockchain consultant. Licenciatura en Negocios Internacionales. Family Business Management. Co-Founder NerdNites, unificamos la comunidad creativa, tecnología y de negocios a través de conferencias y networking.

Our guest today is Dave Specht. Dave currently serves as the Director of the Global Family Business Institute at The Drucker School of Management. He is an ambassador for the family-owned business, and he gives keynote speeches and develops programs on topics related to family business. He is the author of The Family Business Whispererand has a consulting firm called Advising Generations. Prior to his role as director, he developed the Family Business Management program at the University of Nebraska and served as National Development Manager for the Family Dynamics Program at Wells Fargo Private Bank. Most importantly, he is a husband and father to 6 children. In this episode of Family Business Today, Dave will share: · That family businesses should take every opportunity to be proactive in preparing the rising generation, whether or not they enter into the family business · How family businesses need to become less informal and more professional over time · That success needs to be defined personally and intentionally for every family business generation · How running event simulations can help a family business see what decisions are wrapped up in one member of the business · That the rising generation needs to feel what it feels like to be an owner before they take over the family business · And more… To find Dave's book, The Family Business Whisperer, and start asking yourself and your family business members critical questions visit Amazon.com. At the Tennessee Center for Family Business our passion is to help business owners create a positive environment in which their family THRIVES, their business performs and working together create a lasting family legacy. To learn more about the Tennessee Center for Family Business visit www.tncfb.com. If you are considering a transition in your family business contact us today for a FREE Transition Assessment (follow link) and receive a one-on-one review of your business transition preparedness with a family business consultant. (a $299 value) Until next time, There's No Business Like Family Business…..We Know!

Josh Daspit, an associate professor of religious studies in the Department of Philosophy at Texas State University, and Daniel Roy join the Big Ideas TXST podcast to discuss the Sustainable Cultivation and Advancement of Local Enterprises for Underserved Populations (SCALEUP) program. SCALEUP is a new initiative at Texas State designed to research the factors restraining minority-owned business growth and develop remedies. Daspit's research interest is in entrepreneurship and he focuses on issues related to family businesses, innovation and social dynamics. He has more than 40 articles published in outlets such as California Management Review, Corporate Governance, Entrepreneurship Theory & Practice, Family Business Review, Human Resource Management Review, Journal of Business Research and Journal of Knowledge Management. Daspit currently serves as an Associate Editor for Family Business Review and for Journal of Family Business Strategy. He also serves as the Social Media Editor of Family Business Review and is on the editorial review boards of Entrepreneurship Theory & Practice, Journal of Family Business Management and other journals. Roy is a graduate of St. Mary's University in San Antonio where he received a BBA in Corporate Financial Management. After a brief stint in corporate banking, he returned to Texas and embarked on 25-year entrepreneurial journey starting three successful companies each deeply committed to the core values of integrity, caring and excellence. Roy was part of a national effort to develop a certification credentialing program that provides foundational employability skills to help people land jobs and get promoted in retail stores and beyond. To date, more than 50,000 jobseekers have been trained nationally. He has also served on the State Board of Directors for the Texas Association of Business, as chairman of the board for the Greater San Marcos Chamber of Commerce and numerous community and non-profit boards. Further reading: Center for Innovation and Entrepreneurship project descriptions

Dave Specht (https://www.linkedin.com/in/dave-specht-a881147/) is the Director of the Global Family Business Institute at The Drucker School of Management (https://www.cgu.edu/news/2021/05/drucker-school-global-family-business-institutes-new-director-aims-to-preserve-families-and-perpetuate-businesses/). Dave is the author of, "The Family Business Whisperer (https://www.amazon.com/Family-Business-Whisperer-David-Specht/dp/0996597921)." Prior to joining the Drucker School Dave helped lead a Family Dynamics team at one of the largest Private Banks in the United States where he trained over 2,500 advisors. Dave is married and he and his wife have 6 children. His personal mission is to, "Preserve Families and Perpetuate Businesses." Standout Quotes: * "The path to helping families is not in having the right answers for them, but it's about having the right questions for them" - [Dave] * "Clients know if you're genuinely curious about their lives, or you're genuinely trying to get into a transaction with them" - [Dave] * "What is your ambitious pursuit, what is it that wakes you up in the morning that you want to chase?" - [Dave] * "Ultimately if we can stay grateful, entitlement can't sneak in… gratitude and entitlements are incompatible roommates" - [Dave] * "One of the bigger challenges that families of wealth have is creating a rising generation with ownership mentality" - [Dave] * "Most of the family wealth that we see lost is due to breakdown in relationships, not poor investment planning" - [Mike] * "Fair does not mean equal" - [Mike] * "You either define what it means to be wealthy or you will be defined by your wealth by others" - [Dave] * "One of the biggest mistakes advisors make is discounting the spouse or not involving the spouse early; they're the ones that are going to nudge the process forward" - [Dave] * "Your worth is not measured in dollars and cents" - [Dave] Key Takeaways: * Dave is the Director of the Global Family Business Institute at the Drucker School of Management. He is the author of "The Family Business Whisperer". His personal mission is to preserve families and perpetuate businesses. * After selecting Family Business Management as an elective to finish his Masters, Dave realized that several nonfinancial issues were keeping families from making good decisions and this piqued his interest. * Dave worked for a few years with a broker/dealer till he decided to focus more on working with the families directly. He later worked on his own in Family business consulting while creating a Family Business Program at the University of Nebraska. * Asking Inspired Questions: What question are we going to ask that will get the person storytelling so we can learn what they care about? This idea was inspired by the effort he had put into the questions he asked his kids to understand them better. Dave describes the framework for Inspired Questions: Avoid yes/no questions; ask open-ended questions that lead people to tell a story. Secondly, don't ask questions you know the answer to. Lastly, ask questions that don't have a right or wrong answer. Having genuine curiosity is much more important than just seeing the interaction as a transaction. * Although not from a wealthy family, Dave had learned some dynamics of wealth from his family, watching and understanding their actions in regards to finances. * Dave encourages his kids to have an ownership mindset and not limit themselves, even while keeping the values of a good honest job. What is your ambitious pursuit? If we focus too much on giving the best to our children, we may only pass on valuables rather than values. * Raising children amid wealth (The 3Gs): Gratitude, Goals, and Grit are tools Dave recommends. Gratitude prevents a sense of entitlement. Having goals helps kids translate lessons learned as they grow while having a worthy pursuit more valuable than money. Grit involves knowing how to say No to your kids, when yes is always an option. How do you bail your kids out when they have trouble? * Driven by his motivation to have as large an impact as possible in the world, Dave wrote his book titled "The Family Business Whisperer", targeted at both families and their advisers. * Families often don't train the next generation to become owners because we don't want them to fail while we're watching. However, part of this training can be done by co-investing with kids to meet some of their smaller needs. Additionally, building a working shared ownership mentality among kids can be difficult but is necessary, so it helps to start with small shared decisions. * It is important to start to see wealth in the different forms it takes, from money to values and now, wellbeing. Parents need to define what it means to be wealthy, particularly understanding the different dimensions there are to wealth as it would be a mistake to simply focus on financial wealth. If we can get people to budget time and resources to develop other forms of capital in the family, it would improve the relationship with financial wealth. Half the battle is just showing up, making out the time to focus on the family, even though it is usually messy in the beginning. * Mothers of Influence: Often a patriarch is spearheading the family business, however, it is necessary to recognize those who played a support role. These groups of people are often the story keepers of the family business, and ultimately their perspective of the business determines the kind of story passed on to the kids, which affects the mindset of the kids towards the business. Advisors often make the mistake to discount the spouse; no better person is as motivated in pushing the process than the mothers that are fully invested in their kids. * Determining the role of spouses in inheriting a family business can be very tricky, however, it helps to put in perspective what the goal is, regarding the spouses. * Families should first identify their hopes and goals concerning the family assets, after which the technical expertise can be invited to achieve those goals. Unfortunately, most families always start by inviting technical expertise to manage the asset before realizing the goals of the family members vary significantly. * The first step to successfully managing multigenerational wealth is to find someone that will ask the tough questions to identify the hopes and fears of family members. * Dave's goal at the Drucker school is also to have a global impact, using principles attached to management that align with the methods already employed by the school. It also provides a noncommercial environment to bring families together to be vulnerable and learn together; particularly the rising generation of family business leaders. * From Dave to his kids: Your worth is not measured in dollars and cents. Happiness is found in ambitiously pursuing worthwhile goals, and that has nothing to do with money either. Episode Timeline: * [00:50] About today's guest, Dave Specht. * [01:40] Dave shares his backstory. * [08:15] Asking Inspired Questions. * [15:13] How has your understanding of family dynamics played out in your family? * [18:21] How to appropriately raise children amidst wealth. * [22:42] The inspiration for Dave's book, 'The Family Business Whisperer'. * [24:55] Ownership vs Stewardship * [34:42] Did you introduce this idea of passing down different forms of wealth asides from money? * [39:18] Mothers of Influence. * [43:10] Discussing identity as it relates to multigenerational family business and wealth. * [48:00] How can a family new to substantial wealth start working towards multigenerational success? * [50:00] What do you hope to achieve at the Drucker School? * [52:00] Dave's message to his kids. For more episodes go to BusinessOfFamily.net (https://www.businessoffamily.net/) Sign up for The Business of Family Newsletter (https://www.businessoffamily.net/newsletter) Follow Mike on Twitter @MikeBoyd (https://twitter.com/MikeBoyd) If you feel it's appropriate, I'd so appreciate you taking 30 seconds to Leave a Review on iTunes (http://getpodcast.reviews/id/1525326745), I receive a notification of each review. Thank you! Special Guest: Dave Specht.

Welcome to an episode with Josh Baron. Get Josh's new book here: https://amzn.to/3iRZ531 Josh Baron is a partner and co-founder of BanyanGlobal, a professor at Columbia Business School, a thought leader, and author of Harvard Business Review Family Business Handbook: How to Build and Sustain a Successful, Enduring Enterprise (HBR Handbooks). He has worked closely with family-owned companies, foundations, and offices for over a decade now. He has been helping these families define their purpose as owners and establish strategies to accomplish their goals. He is also teaching MBA courses on Family Business Management and Managing Conflict in Family Business. He has also written articles for The Huffington Post, Trust & Estates Magazine, and Family Business Magazine, among others. HBR FAMILY BUSINESS HANDBOOK: How to Build and Sustain a Successful, Enduring Enterprise. Josh Baron: https://amzn.to/3iRZ531 Enjoying our podcast? Get access to sample advanced training episodes here: www.firmsconsulting.com/promo We use affiliate links whenever possible (if you purchase items listed above using our affiliate links, we will get a bonus).

Welcome to. Strategy Skills episode 164, an episode with Josh Baron. Get Josh's new book here: https://amzn.to/3iRZ531 Josh Baron is a partner and co-founder of BanyanGlobal, a professor at Columbia Business School, a thought leader and author of Harvard Business Review Family Business Handbook: How to Build and Sustain a Successful, Enduring Enterprise (HBR Handbooks). He has worked closely with family-owned companies, foundations and offices for over a decade now. He has been helping these families define their purpose as owners and establish strategies to accomplish their goals. He is also teaching MBA courses on Family Business Management and Managing Conflict in Family Business. He has also written articles for The Huffington Post, Trust & Estates Magazine, and Family Business Magazine, among others. HBR FAMILY BUSINESS HANDBOOK: How to Build and Sustain a Successful, Enduring Enterprise. Josh Baron: https://amzn.to/3iRZ531 Enjoying our podcast? Get access to sample advanced training episodes here: www.firmsconsulting.com/promo We use affiliate links whenever possible (if you purchase items listed above using our affiliate links, we will get a bonus).

Rob Lachenauer, the CEO at Banyan Global Family Business Advisors in Boston, was quoted in Forbes as saying: “In a non-family business, you can quit your job, and it's usually a career-enhancing move. In a family business, you sure can't quit your family,” But family businesses are the backbone of most economies. In the US, the immigration waves during the first part of the 19th century brought new Americans seeking greater economic opportunity, and many began family businesses. In Europe, the family business has been the backbone of trade dating back to the middle ages. So what makes a family business so solid and sustainable? How and why are they different from public companies and enterprises, and what can we learn from them. In this episode, we speak with one of the owners of a 9 figure family business in its 4th generation to understand how and why family businesses flourish.

Welcome to. Strategy Skills episode 164, an episode with Josh Baron.  Josh Baron is a partner and co-founder of BanyanGlobal, a professor at Columbia Business School, a thought leader and author of HBR Family Business Handbook. He has worked closely with family-owned companies, foundations and offices for over a decade now. He has been helping these families define their purpose as owners and establish strategies to accomplish their goals. He is also teaching MBA courses on Family Business Management and Managing Conflict in Family Business. He has also written articles for The Huffington Post, Trust & Estates Magazine, and Family Business Magazine, among others. Enjoying our podcast? Get access to sample advanced training episodes here: www.firmsconsulting.com/promo

Rob Lachenauer, the CEO at Banyan Global Family Business Advisors in Boston, was quoted in Forbes as saying: “In a non-family business, you can quit your job, and it's usually a career-enhancing move. In a family business, you sure can't quit your family,” But family businesses are the backbone of most economies. In the US, the immigration waves during the first part of the 19th century brought new Americans seeking greater economic opportunity, and many began family businesses. In Europe, the family business has been the backbone of trade dating back to the middle ages. So what makes a family business so solid and sustainable? How and why are they different from public companies and enterprises, and what can we learn from them. In this episode, we speak with one of the owners of a 9 figure family business in its 4th generation to understand how and why family businesses flourish.

Introduction Welcome to Let's Talk Family Enterprise, a podcast that explores the ideas, concepts and models that best serve Family Enterprise Advisors in supporting their clients.   All views, information and opinions expressed during this podcast are solely those of the individuals involved and do not necessarily represent those of Family Enterprise Canada.   Description Host Steve Legler speaks with Dr. Josh Baron, co-author of HBR's Family Business Handbook about Family Business Ownership. Together they discuss the Four Rooms models, which nicely complements the Three Circle Model, as well as the Five Rights of Family Business Owners (Design, Decide, Value, Inform and Transfer). Guest bio Dr. Josh Baron is a co-founder and Partner at BanyanGlobal. For the last decade, he has worked closely with families who own assets together, such as operating companies, family foundations and family offices. He helps these families to define their purpose as owners and to establish the structures, strategies and skills they need to accomplish their goals. Josh is also an Adjunct Professor at Columbia Business School, where he teaches MBA courses on Family Business Management and Managing Conflict in Family Business. He also teaches in the Enterprising Families Executive Education Program.   You can find out more about Dr. Josh Baron on the BanyanGlobal website.   Key Takeaways [0:30] Steve Legler introduces Dr. Josh Baron to the podcast and invites him to share a little bit on how he developed the Four Rooms model.   [2:30] Should the Four Rooms model be used with or instead of the Three Circles model? Dr. Baron talks about how to understand system dynamics.   [6:12] Family and family business dynamics differ greatly; Dr. Baron speaks to the function of doors as they encourage or limit access within a family business as well as the model as a pedagogical tool.   [9:10] Dr. Baron shares a professional anecdote where working with the Four Rooms helped organize and streamline operations. He also shares his tips on how to use this tool more efficiently.   [13:10] The distinction between “voice” and “vote” leads Dr. Baron to share some advice on how to navigate certain touchy situations in the Owner Room.   [14:55] After the “Three Circles” and the “Four Rooms”, we have the “Five Rights of Ownership”. Dr. Baron breaks down each of these rights and what they tangibly mean.   [20:00] Creating capital through communication is something Dr. Baron lives by. He shares his thoughts on finding the balance between privacy and inclusion.   [26:40] Power dynamics in owner's groups can shift over time, Dr. Baron shares the story of “the kids” who grew into their ownership power in their 50s!   [31:47] Dr. Baron offers his book recommendations as well as advice for advisors.   [35:09] Steve thanks Dr. Josh Baron for sharing so much of his expertise and invites listeners to subscribe to the podcast.   Share your thoughts with us at fea@familyenterprise.ca   Mentioned in this episode The Let's Talk Family Enterprise podcast is brought to you by Family Enterprise Canada. BanyanGlobal Family Business Advisors   Books: Family Business Handbook: How to Build and Sustain a Successful, Enduring Enterprise, by Dr. Josh Baron and Rob Lachenauer Range: Why Generalists Triumph in a Specialized World, by David Epstein   More about Family Enterprise Canada Family Enterprise Canada's Website Family Enterprise Canada on LinkedIn Family Enterprise Canada on Twitter Family Enterprise Canada on Facebook

Dave Specht serves as the Director of the Global Family Business Institute at The Drucker School of Management. He is an ambassador for the family-owned business and writes, delivers keynote speeches, and develops programs on topics related to the family business.Dave is the author of "The Family Business Whisperer" and has a consulting firm called "Advising Generations."Before this role, he developed the Family Business Management program at the University of Nebraska. He served as National Development Manager for the Family Dynamics Program at Wells Fargo Private Bank.To learn more about Dave Specht, you can visit him on the links below.Website - https://www.cgu.edu/center/drucker-school-global-family-business-institute/Website - http://www.davespecht.com/You can also get a copy of Dave's book called “The Family Business Whisperer” at Amazon.com.If you enjoyed today's episode, please subscribe, review and share with a friend who would benefit from the message. If you're interested in picking up a copy of Jonathan Goldhill's book, Disruptive Successor, go to the website at www.DisruptiveSuccessor.com.

Josh Baron is a Partner at BanyanGlobal Family Business Advisors. BanyanGlobal believes in the power of effective ownership. Their clients own significant shared assets, such as family operating businesses, family offices, shared family property, and family foundations.Josh Baron is also an Adjunct Professor at Colombia Business School. He teaches Family Business Management and Managing Conflict in Family Business and the Enterprising Families executive education program.You can get a copy of the book of which Josh Baron co-authored on the links below.The Harvard Business Review Family Business Handbook: How to Build and Sustain a Successful, Enduring Enterprise (HBR Handbooks)https://hbr.org/search?search_type=search-all&term=Josh+BaronIf you enjoy today's episode, please subscribe, review and share with a friend who would benefit from the message. If you're interested in picking up a copy of Jonathan Goldhill's book, Disruptive Successor, go to the website at  www.DisruptiveSuccessor.com.

Dave Specht share on the Family Matriarchs About: Dave Specht is the author of, "The Family Business Whisperer." He has served as a University Professor at the University of Nebraska where he taught Family Business Management. In the past 3 years Specht has trained nearly 3,000 of the top financial advisors in the United States. He is the father of 6 children and lives with his family in Basin City, Washington. LinkedIn- https://www.linkedin.com/in/dave-specht-a881147/ Twitter- @FmlyBusinessman E-mail- DaveSpecht@gmail.com

We all know that in family business that recruitment decisions are sometimes made without proper consideration but more of emotive feelings. We discuss how to handle employment of family and ensuring both the business and the family remain intact. About Isabel : Isabel C. Botero, Ph.D., is the Director of the Family Business Center and an associate professor of entrepreneurship at the University of Louisville. She is a Fellow for the Family Firm Institute and has an Advanced Certificate in Family Wealth Advising. Her research focuses on strategic communication processes and next-generation issues in family enterprises. She is an associate editor for the journal of family business strategy. She is a past FOBI Scholar, and has over 40 publications in journals such as Family Business Review, Journal of Family Business Strategy, Journal of Family Business Management, Journal of Management Studies, and Management Communication Quarterly.

Alfredo De Massis is Professor of Entrepreneurship & Family Business and Director of the Centre for Family Business Management at the Free University of Bolzano where he is also the Leader of the Entrepreneurship, Innovation & Management Cluster (Dept.). He co-directs family business research projects at Lancaster University Management School, UK. In 2015, Family Capital ranked... L'article 15th EIASM Workshop Family Management Research – Alfredo de Massis est apparu en premier sur La 1ère chaine académique de podcasts sur l'entrepreneuriat.