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Succession and Transitions

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Video

Why change matters in family business

Date:
2013-06-12
BFF insight:
Listen to the Basiles, a third generation business family with employees in the fourth generation, who own and operate Catania Spagna in the USA, describe how 'embracing change' has been embedded as part of the core family business values inherited from the first generation.
Categorie(s):
Conversation with Business Families, Leadership Skills, Succession and Transitions
Video

Addressing Ownership and Sibling Partnership across Generations

Date:
2013-04-10
BFF insight:
Watch the Schoedingers, a 6th generation family business operating Schoedinger Funeral & Cremation Services based in Ohio, USA, describe how transitioning the family business across many generations requires working on sibling and cousins relations while ensuring proper ownership structures.
Categorie(s):
Ownership System, Succession and Transitions
Video

The Future of My Family Enterprise: What Options are Available?

Date:
2013-03-27
BFF insight:
Listen to Dr. Ivan Lansberg who teaches family business at the Kellogg School of Management explain the importance of discussing options available to owners of a family business as they consider their next steps.
Categorie(s):
Governance System, Ownership System, Succession and Transitions
Video

Allowing Potential Successors to Choose their Next Business Leader

Date:
2013-02-28
BFF insight:
Listen to the Darleys, a 3rd generation manufacturing business family operating W.S. Darley & Co and specialized in pumps, fire apparatus and emergency products based in Illinois, USA, describe their inclusive, five-year transition process for choosing a next CEO among siblings and cousins.
Categorie(s):
Conversation with Business Families, Succession and Transitions
Video

A Willing Successor, a Hesitant Owner-Founder

Date:
2013-01-26
BFF insight:
Watch the Huberts, owners of Hubert's Family Outfitters, a second generation, small family business in the retail sector in New Hampshire, USA, discuss dilemmas around helping the owner-founder's transition to a new phase of life while supporting the success of the next family business leader.
Categorie(s):
Conversation with Business Families, Succession and Transitions
Video

The Role of a Family Constitution

Date:
2012-09-12
BFF insight:
Listen to the Taylors, a 3rd generation winemaking business family operating Taylor Wines based in Clare Valley, Australia, describe the benefits they gained from writing a family constitution that clarifies key family governance rules and relationships with the business.
Categorie(s):
Conversation with Business Families, Family Relations and Code of Conduct, Governance System, Succession and Transitions
Video

Educating a Business Family about the Succession and Transition Process

Date:
2012-09-12
BFF insight:
Listen to David Harland, Family Business advisor in Queensland, Australia, describe some of the recurring challenges encountered by family businesses addressing the transition from first to second generation.
Categorie(s):
Recurring Challenges and Trends, Succession and Transitions
Video

How Family Relationships Impact Business Dynamics

Date:
2012-08-27
BFF insight:
Watch the Basiles, a third generation business family with employees in the 4th generation, operating Catania Spagna Corporation, based in Massachusetts, USA, describe the importance of parenting and family values in creating a healthy competitive atmosphere among siblings working in the business. 
Categorie(s):
Conversation with Business Families, Leadership Skills, Succession and Transitions
Video

Buying Family Members out of the Business

Date:
2012-08-13
BFF insight:
Watch the Beaches, a fourth generation family who owns and operates Basin Harbour Club in Vermont, USA, explain some of the challenges encountered when transitioning the family business from 3rd to 4th generation.
Categorie(s):
Conversation with Business Families, Ownership System, Succession and Transitions
Video

The Sandwich Generation: When One is not Given the Opportunity of Ownership and Leadership

Date:
2012-07-16
BFF insight:
Watch the Woodmans, a third generation business family in the food industry operating Woodman's of Essex based in Massachusetts, USA, with employees in the 5th generation, explain how the 4th generation may skip their opportunity for leadership and ownership. 
Categorie(s):
Conversation with Business Families, Succession and Transitions