Controlling patriarch, wise mentor
Study of large family companies yields some surprising findings
Tax and advisory firm Ernst & Young has been gradually releasing findings from its survey of the world’s largest family businesses, conducted in partnership with Kennesaw State University’s Cox Family Enterprise Center. The first wave of data has received much attention from the media (including Family Business Magazine; see ...Read more
Preparing to transition your business to a leader from outside the family
Many of the obstacles that families face in passing their business to the next generation relate to the inextricable connection between "hard" and "soft" issues. The key to navigating these issues is flexibility.
Rather than "keeping everything in the family,"an increasing number of families are transitioning from managers to owners...Read more