In Erik Erikson’s Stages of Psychosocial Development, generativity is a struggle against stagnation that ascends during adulthood. Generativity in the psychosocial sense refers to the concern for establishing and guiding the next generation and is said to stem from a sense of optimism about humanity. Last week we had another one of those, I [Continue Reading]
Character, Competence and Chemistry in Family Owned Business
Recently the NCAA basketball season ended, both the Men’s and the Women’s champions have legendary coaches. Listening to the stories and the coaches; one had to ask. How do you win so often? What does it take to make a leader? Are there lessons a family business could learn from these two coaches? It takes [Continue Reading]
Is a C Average?
Is a C Average? A “C” Average GPA is a mean grade calculated from the marks attained in a certain examined course. A GPA of 2.00 points is considered fair by many institutions and is also referred to as a C average GPA, which is calculated by adding all the course grades’ equivalents, and then [Continue Reading]
This Week in Family Business
“WE RISE FROM ASHES, GOOD WE FAIL DO, WE RISE FROM ASHES. TIME CREATE OURSELVES NEW.” Many family businesses rise from ashes. Multi-generational family businesses recreate themselves. People work harder when their work seems meaningful. It’s our job in Family Businesses to help the team understand – why their work is meaningful, important and a [Continue Reading]
Learn How Strategic Talent Management Leads to Family Business Success
“I’m not looking for the best players; I’m looking for the right ones.” How much value is being lost owing to the lack of talent management? Many Family businesses over overlook a basic economic issue, scarcity of human talent – they don’t recognize until it’s too late. “Scarcity is the fundamental economic problem of [Continue Reading]
Family Business Conflict – It accumulates by a magnitude
Family business conflicts can be the reason for lack of success, lack of growth and the tempo that ideas move forward. Webster’s Dictionary (1983) defines conflict as sharp disagreement or opposition of interests or ideas. In other words, what I want does not match what you want. When conflict occurs in the workplace, it can [Continue Reading]
Closely-Held Family Businesses Rise in Value
The Wall Street Journal reported in June, Some of the world’s richest people derive their wealth from closely-held business. At $3 trillion, private businesses controlled by “ultra high net worth” families are valued at a fraction of the world’s roughly $55 trillion stock market capitalization at the end of 2012, according to data from Wealth-X [Continue Reading]
The Real Work and Great Journey of Continuous Improvement
It may be that when we no longer know what to do We have come our real work, and that when we no longer know which way to go we have come to our real journey. The mind that is not baffled is not employed. The impeded stream is the one that sings. The real [Continue Reading]