UNCERTAIN OUTLOOK FOR THE LOGISTICS INDUSTRY As we exit a tumultuous 2023, where the logistics and shipping industry witnessed a reversal to normalcy and freight rates dropped from record highs to pre-pandemic levels, importers and freight forwarders are hoping that the new year will bring some much-needed stability in the freight market. With the outlook […]
During the crisis of the pandemic, Matt Allen (the article’s author) conducted research on how family businesses adapted to the pressures of the market context. The research was carried out in the summer of 2020, 6 months after the World Health Organization officially declared Covid-19 a pandemic. The results were very interesting. Matt noticed that […]
Summary. One of the most critical questions facing family businesses is how to treat the next generation. They are clearly different from other employees, as current or potential owners of the company, whose wealth and reputation are on the line. On the flip side, most parents rightfully worry that providing too many unearned advantages undermines […]
To sustain a long-term family enterprise, it’s clear that having a founder who builds a great business is only the first step. As the legacy business and the entrepreneurial leadership of the founding generation gives way to the next generation, the business enters a transition to a new era where there are several related family […]
Summary. In the wake of the pandemic and rising geopolitical tensions, many family business owners have woken up to the reality that the absence of a competent and engaged board undermines the resiliency of their family enterprise and poses a significant risk in an era of greater turbulence and uncertainty. What’s more, if family representation […]
Summary. Legacy is an intangible, invisible force that affects the decision making of the next generation in a family business. Psychologists call the motivation to build legacy generativity, and it stems from the concern for the welfare, well-being, and security of future generations. Developing and sustaining legacy is a way for family members to perpetuate […]
Summary. A central concern of family business leaders is assessing the readiness of the next generation to take over the business. This is critical, because research shows that 25% of failed transitions occur due to a lack of a prepared heir. Taking time to co-design what readiness looks like enables both parties to align and […]
Chia sẻ nhanh
Quick share
Đăng ký tư vấn và giữ chỗ khóa học "100 giờ Kungfu Marketing"
Đăng ký văn phòng chia sẻ
Contact information
