It sometimes takes a fresh take on an old idea and a “new set of legs” to rejuvenate a business. This is a story of one family’s succession that really appears to have worked. See the video link below. http://video.nytimes.com/video/2011/06/07/dining/100000000853608/chinatowns-new-generation.html Learn, think, apply.
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We are all busy: business, social, philanthropy activities abound. Organizing family meetings can be a challenge, especially when the organizer is hoping to have 100% attendance. With this organizational challenge, oft times a lot of pressure is placed on ensuring a productive agenda. Maybe an agenda is not needed for every family meeting? Sometimes important […]
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Shirt sleeves to shirt sleeves in three generations is an American translation of a Lancashire proverb, “there’s nobbut three generations atween a clog and clog.” Some say that Andrew Carnegie, the famed 1800s industrialist from Scotland, brought the proverb’s message to the New World. Further investigation proves that the adage is not unique to any […]
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In an earlier blog entry, I suggested that you have some conversations with stakeholders about the business, where it stood and what your plans were. Before you commence that conversation, ask yourself, “Is my business strong?” What if something happens to you? Will the business be able to function? Will there be certain key aspects […]
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Does a strongly opinionated, mercurial leader create an environment appropriate for succession? What style is “best” to facilitate succession? The recently decided American election race presents (Jan 6 just around the corner) a great opportunity to compare the success of markedly different styles in a very short period of time, like a social experiment. […]
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