If there is a single example of the embodiment of a family empire, it would be Ralph Lauren. The calculated (and sometimes risky) moves that Ralph and his son David have taken, both together and separately, have carried the company through the advent of the digital age, well beyond that of its competitors. Fast Company […]
Throughout the next few months, Transition Consulting Group will present a series of thought-provoking family business case studies for discussion. To read all of our articles in the ‘What Would You Do?’ series, please click here.
“So You’re In The Family Business” Web Series: ‘How Public Service Aids The Family Enterprise’ with Steve Grossman, Treasurer and Receiver General of the Commonwealth of Massachusetts When: Monday, November 21, 2011, 1:00 p.m. ET Where: Live Online Event Join us on Monday, November 21st, as we interview Steve Grossman, Massachusetts State Treasurer, on his […]
On Wednesday, September 21st, Transition Consulting Group and an expert team of family business representatives gathered to present our first “So You’re In The Family Business” Webcast series on Surviving and Thriving Through Generations. Joined by Cady Zildjian, 15th Generation of the Avedis Zildjian Company, Marcia Galvin, 9th Generation of Normandy Farms Campground and Matt […]
It’s a well-known secret that, sometimes, family members or other close employees within a family business don’t always communicate as well as they could and should. While some family businesses can grow and thrive despite these differences, there are others that are seriously handicapped by this toxic communication.
Statistics suggest that only 1/3 of family businesses survive through the second generation, and even less than that make it on to the third. It’s no secret that the dynamics of family enterprise include some of the most varied and complex relationships. So how can a family business create a legacy and successfully transition from […]
To read the first half of this month’s “What Would You Do?” article series, please click here. When we last visited Barry and his parents, it seemed that they were at an impasse. At this meeting with Barry and his mom and dad, Mom and Dad were just that… Mom and Dad. They reacted as […]
This article was originally published in Family Business Review Harry Levinson, PhD, is a pioneer in the people-management side of business. He is a professor emeritus at the Harvard Business School and Harvard Medical School, and author of twenty Harvard Business Review articles and numerous books. He also established the Levinson Institute, which provides private […]
Transition Consulting Group is a family-owned business led by myself and my father, Paul Karofsky. As we regularly offer experience and guidance to our clients, we’re often asked “what’s it like to work in your own family business?”
This article was originally published in BusinessWeek Many parents refuse to let go of the family enterprise, even when their “kids” are managing the business beautifully Early in my family-business career, I got a call from a woman concerned about her 65-year-old brother, Bob. The conversation went something like this: “Tell me about your brother.” […]