Family businesses, which are often distinguished by a distinct blend of personal and professional dynamics, face a slew of difficulties in maintaining harmony and productivity. One of the most serious problems that plague such businesses is the tendency for individuals to become deeply entrenched in their specific job roles and functions, resulting in a lack …

The Transformative Power of Job Role Change in Family Businesses Read More »

The business world’s tendency to use the terms “strategy” and “planning” interchangeably poses a dilemma for companies striving for market dominance. To help you succeed in today’s cutthroat business environment, we’ll break down the complex link between strategy and planning and look at the reasons why the old-fashioned yearly planning model might not cut it. …

Strategic Planning – Is it Strategy or Planning or both? Read More »

The rise of silos and the decline of effective communication is a common phenomenon in multi-generational family businesses. This phenomenon, known colloquially as “The Lost Organisation,” encapsulates the difficulties encountered by family members working within the same enterprise who, over time, find themselves isolated in their roles, lacking a shared vision, and dealing with unspoken …

The Lost Organization Read More »

A pivotal role in every family business is that of the COO, or Child Of Owner. While the acronym suggests an inherent connection to the business, the reality is far more complex. The position of COO, if not carefully navigated, can be a double-edged sword, wielding both potential for growth and peril for the family …

The COO of a Family Business Read More »

Ownership of a family business entails the responsibility of guardianship over a legacy, in addition to that of a stakeholder or shareholder. A competent owner is one who not only understands the nuances of business operations but also has the foresight to navigate the challenges unique to family businesses. Here, we will define a competent …

Nurturing Competence: The Key to Successful Family Business Ownership Read More »

Family companies are distinguished by the integration of personal and professional connections inside the organisation. As the firm grows and develops, family members progressively take on different jobs within it. We explore how family members’ roles in a family business evolve, beginning with the role of Provider in the early stages, progressing to the role …

Family Members’ Evolution: From Provider to Provisioner to Partner to Patron Read More »