August 5, 2019
The other day, a client asked us why we could not just provide them with the “right” answer to their current family enterprise challenge. A good question coming mainly from a belief that “experts” have the answers or a template for “the” answer.
March 20, 2019
This past week a group of wealthy and celebrity parents were indicted in a college admission scam. A good deal of attention has gone, rightfully so, to the use of wealth and influence in college entrance. The articles have pointed out that while the methodology that these parents were involved with was unethical and illegal, wealthy families have for years participated in other forms of college entrance “tampering” as we have come to call the acts. See NYT March 16th for some articles, such as this one by Claire Cain Miller and Jonah Engel Bromwich, on these topics.
January 13, 2019
I have talked about learning as essential to resiliency and as an interactive process of engagement with people and materials in such a way that one’s understanding of them is changed. It is the interactive process with people that I want to speak about this month. We know from experience and from research that the more an individual is involved in the learning, the greater the potential for the development of skills, like dealing with stress, and developing analytic skills to examine a situation on one’s own. Involvement/engagement helps develop agency in the next generation.
December 27, 2018
What does the future hold? Is the future defined by the past?
What are advisors thinking about and what are enterprising families asking about?
Crystal balls tend to be a bit cloudy, making the idea of predictions challenging. But, of course imperfections in reading that round bit of glass do not deter us from continuing to offer our prognostications.
October 26, 2018
There are a number of essential elements that are operational in a resilient family. However, we believe most central is the focus on learning; learning that keeps people open, curious and explorative. Learning that involves the development of analytical thinking and the ability to gather and examine experiences and materials to reach decisions.
September 18, 2018
For family enterprise owners, providing a sense of steadiness at the helm with a clear vision, mission, and strategic plan for their holdings is essential but no longer sufficient for their journeys. Families who are able to grow (or even maintain) their enterprises must also have the ability to be agile, to be resilient.
August 22, 2018
Resilience is a concept getting more attention in the family enterprise field. For several decades the focus has been on continuity and harmony, with the goal of assuring sustainability and creating a sense of togetherness and steadiness. Sort of a status quo view.