Regular issue
//May 31, 2022 - Issue #62
What Olivetti Style Teaches Us About Lasting Aesthetic Legacy Legacies of great family businesses involve our senses of touch, sight, sound, taste and smell -- all embedded in our experiences with their most iconic artifacts.
Abundant Marketing Resources Can Hinder Family Firm Innovation Strong market knowledge, great relationships with customers and suppliers, and a well-respected brand can actually deter family businesses from taking necessary risks to introduce something new.
Growing Pains? Advice to Recharge and Sustain Growth A family firm that grows into a midsized company may be going through what Rob Sher calls the difficult "teenage years of business." How to manage the transition
To Grow, Serve Existing Customers Better or Find New Ones Evaluate the market, then see if you can get more business from legacy customers or change to meet the needs of a tangential market.
Get Ready for the Next Supply Chain Disruption Small companies must act now to build the capabilities that help them survive a future of unstable weather, woke consumers, political turmoil and technology disruption.
Let the Next Generation of Family Firm Leaders Chart Their Own Path Entrepreneurial and digital experiences equip next-generation family members to help the family business identify new revenue streams and grow to new heights.
Dealing with Inflation: Advice From the Experts Keep moving forward; adjust your product portfolio and brand; and manage your family and your money.
Celebrating Women Who Lead Family Firms Women leaders in family business are becoming increasingly prevalent and important. The UK's Institute for Family Business shares the stories of women in the success of family businesses.
Unless you clearly define what you want your legacy to be, your successors will interpret it in their own way -- and it might not be what you intended. Read more...
Families that learn to use their cohesion, trust, and long-term orientation as strengths can implement strategies more effectively than their non-family peers, especially in times of uncertainty. Read more...
Surveys can reveal differing perspectives, surface hidden tensions, and – when done well – build trust, and serve as an educational opportunity. Read more...
Succession is not a single choice -- It is a chain of choices that interlock and compound. Avoiding any one of them will create friction or ambiguity. Read more...
Editorial offices located at St Thomas University
Supported by the Richard M Schulze Family Foundation



