Family Capital is a true differentiator between family-owned businesses and companies with a fragmented shareholder base. Family Capital expresses itself as the organization’s culture, ethos, and network. While hard measures liking it to performance are elusive, Family Capital clearly conveys powerful advantages. McKinsey Organizational Health Index database indicates that family-owned businesses enjoy a significant advantage […]
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“One picture is worth a thousand words.” How can sponsors and change practitioners create a picture of sponsorship? The sponsor holds a critical role in every change initiative. There is ample research that shows the importance of the role and the positive impact that sponsorship has on change success and staff engagement. The impact of […]
Every firm will eventually reach the point when it has to professionalize the way it operates. This is done by instituting more rigorous processes, establishing clear governance, and recruiting skills from outside. Family Business is no different. In the Family Business Survey, 43% of the companies believe that the need to professionalize the business is […]
Every change practitioner I know struggles with integrating their work into a project at some point. And I know a lot of project managers have been challenged with how to integrate the two disciplines as well. A prevailing theme is that integrating change management and project management is the most effective path forward. That makes […]
Status quo talent strategies no longer work for high performing organizations. Old models no longer work. It does not anymore meet the needs of the global workforce. HR Strategies are out of step with the way work is conducted. Jobs that are structured around a 9 am to 5 pm Monday through Friday workweek is […]
When Demand for Added Value from Strategic Functional Organizations Becomes the Priority, Where Are We?
Functional organizations are facing dramatic changes. Businesses are becoming more focused around capabilities and demand leaders of functions to play a more strategic role. With a less stable environment and more intense competition, a premium is put on agility and flexibility with an increased emphasis on performance results. In effect, functions are pressured to boost […]
Effective Succession Planning in Family Business has been redefined in the 21st century. The Family Business sector continues to be vibrant, successful, and ambitious. This, despite tough economic conditions and accelerating pace of change. Family firms are vital to all economies. It offers stability, a commitment for the long term, and a responsibility to their […]
A company’s cultural situation is challenging, multidimensional, and difficult to deal with. It constitutes a powerful set of emotional resources. To a degree, culture can be compared to natural forces such as winds and tides. These elements are there in the background, sometimes unnoticed, sometimes obvious. Endowed with immense power, they can waylay plans and […]
Industries today are in a state of flux driven by volatile market forces. Although every company devises a strategy for creating long-term differentiation for goods and services, still various dynamics are emerging. Across industries, market changes are affecting how Finance needs to operate. Finance must anticipate the implication of these various dynamics and forces evolving […]
Leadership is the relationship between people who aspire to lead and those who choose whether or not to follow. Leadership hinges on the leader’s credibility which is difficult to build and easy to lose. CEOs of BP, Wells Fargo and Volkswagen have learned that tough lesson through high-profile scandals that can swiftly damage their reputations. […]
A major reason for employees leaving their workplaces is conflicts with their bosses. To succeed in today’s fiercely competitive market, organizations need to invest in developing their leadership, such that they further develop their teams by training them on the desired competencies and create a sense of engagement in them. A big challenge for leaders […]
The rapidly evolving world necessitates organizations to change quickly to keep pace. Organizations that are able to manage change well flourish, whereas those that don’t risk disruption or closure. Change management varies greatly based on the nature of business and the people involved. It also depends on how well people understand the change process. Various […]
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