The NxtGen: Inheriting the Family Business and Continuing a Legacy Though it may seem like big corporations are reigning over the United States, 80 to 90% of businesses in the private sector are family-owned. Yes, you read that right. The little pizzeria in your town...
Companies such as Aetna, Google, General Mills, SAP, and many others are adding mindfulness training to their employee well-being programs. Research has shown mindfulness training leads to significant improvements in employee absenteeism rates, turnover rates, stress...
On November 9, 2021, John Moran Auctions in Monrovia, CA auctioned one of the original Apple-1 computers for $500,000. The two-owner vintage computer came to the auction house in excellent condition, featured many period-correct and original parts, and was in true...
Lisa Furgison, writing for BPlans.com, interviewed Tom Fallenstein, president and CEO of HalloweenCostumes.com, to hear the story of his Halloween-based family business. Here's how it went. The Fallenstein family started making and renting a dozen Halloween costumes...
(by David Birnbaum for Just-Style.com) In 1606 the British Government granted a charter to the Virginia Company of London – thus creating the world's first publicly listed multinational corporation, while at the same time beginning a 400-year debate between family...
The dynamism demanded by volatile, uncertain and complex markets and environments brings great challenges to organizations and, in particular, to traditional family business. Agile responsiveness guided by uncertain decisions becomes part of the corporate daily life...
(by Gene Rebeck writing for Twin Cities Business) Every family business is different, yet they all share many of the same challenges. And most of those challenges fall under one category: the future. With headquarters in North Mankato, Coughlan Cos. has passed through...
We all get along. We all listen to Dad or Mom. We don’t need HR at our family business. Wrong! HR is a necessity and Keri Ohlrich, PhD of Abbracci Group offers us advice on the first step of understanding what you actually need in terms of HR. If you’re like...
Family business are constantly ‘accused’ of being slow on strategic decisions and oriented to personal interests. Well, of course, there are some examples like that, but they are not enough to allow us to generalize this perception. Following an evolutionary...
Scholars, researchers and consultants agree on the uniqueness of the family business and its predominance in the world market. Despite this recognition, a wide void emerges as a legal and financial well-defined differentiated entity. Although, countless endeavors...
This series provides an overview of the concept of sustainability, why family businesses need to think differently about it, the powerful benefits of corporate sustainability, and some concrete steps that family businesses and rising generation leaders can take....
Marriot International is the largest hotel chain in the world by its number of available rooms, With 30 brands, 7,642 properties, and 1,434,044 rooms and counting in 131 countries, they are a global conglomerate, a behemoth, and a dominant player in the world’s...
This series provides an overview of the concept of sustainability, why family businesses need to think differently about it, the powerful benefits of corporate sustainability, and some concrete steps that family businesses and rising generation leaders can take....
Right now, there is much uncertainty in the investment world. It is difficult to have a strong opinion about what an asset should be worth in one year let alone five or ten years. With inflation, one might say most things will cost more in the future than they do...