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Jun 18, 2019 · Family businesses are the cornerstone of most national economies, according to a recent report by Credit Suisse Research. They can create jobs, spur innovation, and drive superior returns.
- Family Businesses
A new MBA graduate joins a privately held family business...
- Build a Family Business That Lasts
The authors explore five aspects of ownership that are...
- Family Businesses
A family business is a commercial organization in which decision-making is influenced by multiple generations of a family, related by blood or marriage or adoption, who has both the ability to influence the vision of the business and the willingness to use this ability to pursue distinctive goals.
Learn what family business is, how it differs from other types of businesses, and what are its advantages and challenges. Explore the structure, roles and examples of successful family businesses from around the world.
Learn from the authors of The Harvard Business Review Family Business Handbook how to overcome the challenges and opportunities of family ownership. Explore five aspects of ownership that are crucial to the success or failure of a family business.
- Family. Family businesses can go under for many reasons, including family conflicts over money, nepotism leading to poor management, and infighting over the succession of power from one generation to the next.
- Ownership. Maintaining family control or influence while raising fresh capital for the business and satisfying the family’s cash needs is an equation that must be addressed, since it’s a major source of potential conflict, particularly in the transition of power from one generation to the next.
- Governance and the business portfolio. With clear rules and guidelines as an anchor, family enterprises can get on with their business strategies. Two success factors show up frequently: strong boards and a long-term view coupled with a prudent but dynamic portfolio strategy.
- Wealth management. Beyond the core holdings, families need strong capabilities for managing their wealth, usually held in liquid assets, semiliquid ones (such as investments in hedge funds or private-equity funds), and stakes in other companies.
We surveyed 2801 family business leaders across 87 territories, of which 80 were from Singapore, representing a diverse mix of businesses and industries. From profits to purpose - it is time for Singapore family businesses to transition to the new growth trajectory.
Sep 27, 2022 · Learn how to overcome the challenges of generational transition and succession planning in family businesses. This article offers practical tips and strategies to involve and prepare younger family members for leadership roles.
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