By: Mariana Restrepo and Sharon Dorsett, PhD Many people are familiar with the saying “shirtsleeves to shirtsleeves in three generations.” Across the world, this myth has fueled the belief that…
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What You Can Learn from Family Business By Nicolas Kachaner, George Stalk, Jr. and Alain Bloch Link to original Article To many, the phrase “family business” connotes a small or…
The Role of Mattering in Sustaining Family Ownership Across Generations By: Henri-Lee Stalk, Mariana Restrepo, Darren Good, Frank Foster I. The business case for mattering Family enterprises tend to…
Originally published in: Harvard Business Review (Jan.-Feb. 2012): pp. 25-27. By: George Stalk, Jr. and Henry Foley Family businesses have low survival rates beyond three generations. Data suggests that 70%…
From Exposure to Expertise: Empowering the Next Generation Through a Board Observer Program By Henri-Lee Stalk For next-generation family members in multi-generational businesses that have become more professionalized, stepping into…
By Hilla Talati and Henri-Lee Stalk, J.D., Ph.D. You carry meaningful responsibility within the family enterprise, even as the influence and guidance of the older generation continues to shape the…
By Henri-Lee Stalk and Hilla Talati As family businesses transition from their founding generation to subsequent generations, owners often find themselves navigating conflicting advice. Some advisors present the Family Constitution…
Breaking the Silence: The Importance of Feedback in Family Businesses Sharon Dorsett, PhD Family businesses often operate under unique dynamics. The combination of familial ties, business goals, and personal histories…
By Samuel Bruehl and Hilla Talati The multi-generational success of a family enterprise is deeply tied to the current generation’s ability to engage, educate, and empower the next generation. As…
Family-controlled businesses are built on strong relationships, shared legacies, and emotional investments that span generations. However, these very strengths can also create some of the toughest internal challenges: blurred boundaries,...
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GTA Partners, Hilla Talati and Sam Bruehl presented to members of the National Center for Family Business, Riyadh, SA on the topic of “Setting the Next Generation Family Leaders Up…
1. Avoidance Bias can lead us to stay silent when communication is needed Fear of conflict can lead to avoidance, but inaction risks further deterioration in our relationships with others….
The Polansky family owned a successful regional chain of supermarkets. The business was in the second generation and owned and led by four brothers. Between the four brothers, they had…
The competitive advantage of your family business can be enhanced or destroyed by the health of family relationships
Henry Brandts-Giesen – Originally published at Dentons Kensington Swan The greatest transfer of wealth in modern history is underway. Families that are unprepared for this transition of value and power…
The Value of the Family Bank Henry Brandts-Giesen and Stephanie Evans 1. The value of human and intellectual capital Wealthy families and their advisors will be familiar with the old…
By Henri-lee Stalk and Samuel Bruehl In family businesses, founders are often celebrated for building successful enterprises from the ground up. As the business transitions to the next generation, there…
Effective communication is one of the most important tools to sustain a family business over the long term.
