David Karofsky, President of Transition Consulting Group, discusses best practices and advice for next generation leadership to gain credibility in their own family enterprise.
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Throughout the next few months, we are introducing a series of thought-provoking case studies designed to foster conversation and critical thinking around the unique challenges of the family enterprise. We welcome your comments and feedback below. Off The Topic and Out of Control Barry, 26 years old, was in a family business meeting with his parents. […]
We recently participated on a panel in which we reviewed what leadership means in a family business, as well as how leadership can be ’situational,’ and developed over time. A summary of our takeaway points can be found in the video below.
The Wall Street Journal just posted an interesting article about the types of summer jobs kids hold in the family business. Though not always glamorous, these jobs can provide the next generation with first-hand experience in working with and operating the family enterprise. While the opportunity for personal growth is great, there are a few […]
What Would You Do? June 2011 Case: Decision Time for the Wheelers
- On June 7th, 2011
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Throughout the next few months, we are introducing a series of thought-provoking transition case studies designed to foster conversation and critical thinking around the unique challenges of the family enterprsie. We welcome your comments and feedback below..
Conclusion: “What Would You Do? May 2011 Case: Next-Generation Leadership”
- On June 1st, 2011
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Throughout the next few months, we plan to introduce a series of thought-provoking transition case studies designed to foster conversation and critical thinking. This article is the conclusion to our first piece on Next Generation Leadership, which can be found here. We appreciate the thoughtful comments from our readers. You’ve raised valuable points on the […]
Success Story: An Interview with Steve Grossman, President, MassEnvelopePlus
- On May 27th, 2011
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Steve Grossman was elected Treasurer and Receiver General of the Commonwealth of Massachusetts in 2010. Democratic candidate for governor of Massachusetts in 2002, Steve served as CEO of Grossman Marketing Group, formerly MassEnvelopePlus, in Somerville, MA, a full-service printing and graphic design firm started by his grandfather in 1910 and now a fourth-generation family business […]
We believe that while some leadership qualities are innate, others are learned and develop over time. We also believe that leadership is ‘situational,’ and what works for one business may not work for all. Likewise, where one leader can thrive, another can fail. However, since effective leadership has a direct impact on business value, it […]
Next Generation: Gaining Credibility in the Family Business
- On May 20th, 2011
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Jeannie (older sister in a family business meeting): Ron (younger brother, in a loud voice): I said I’ve got an idea how we can solve that! I think we should…” Jeannie: We heard your suggestion the first time. You don’t have to yell. Ron: It sure doesn’t seem like it to me. Why don’t you […]
Performance Reviews: Openly Dealing with the Family Business
- On May 19th, 2011
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Originally published in Bloomberg BusinessWeek Back in my college days, I remember arguing with my parents that grades represent a reflection not only of a student’s ability to learn but also of a professor’s ability to teach. Although, at the time, this was partly an attempt to rationalize my own less-than-stellar achievement, I think my […]