Why Choosing Nonflict over Conflict is a Winning Strategy for Family Businesses

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By Stephen Hecht Co-Founder & Chief Executive Peacemaker Million Peacemakers When I was 20 years old, my uncle died. It was sudden, a heart attack during a visit to our stores on the west coast. As the president of our family business, and my personal mentor, we were in deep […]

How Three Circles Changed the Way We Understand Family Business

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A family business advisor sits with a founder and his two daughters in a conference room in Chicago, helping the family with an intense discussion they are having about the future of their family-owned brewery. The elder daughter works in the business. Neither daughter has shares in the family company. […]

Appreciating the Various Roles Women play in Family Business

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Written by Margaret-Jean Mannix Co-Chair Business Families Foundation I see for women in family business, a much greater appreciation for the different roles that they can play. I would say recognizing the significance of a supportive spouse, recognizing the role that plays in often being the calming factor for family […]

Beyond CSR: Emergence of SRC – A Socially Responsible Corporation

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Business has been the most powerful institution on the planet since the second half of the twentieth century. Dr Willis Harman, co-founder of the World Business Academy in 1987 put forward the view that the dominant institution in any society needs to take responsibility for the whole, as the church […]

How can business families invest for social and environmental impact?

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By Abigail Noble, CEO of The ImPact What do people really mean when they talk about “impact investing?” Why do people make impact investments, and how do they do it? What counts, and what doesn’t? The ImPact — a member community for families committed to making impact investments — answers […]

What’s your ideal ‘Future World’?

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What is the single most useful thing you can do to understand your ideal ‘future world’? At BFF we come across many inspiring families and, at a personal level, it’s easy to think “we wish our own families could be more like that family.” How useful is it to think […]

Challenging the way we prepare the future

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This past October, we hosted in Vancouver, British Colombia, the Family Matters Forum 2017 – Triple Bottom Line, welcoming family leaders and experts to take these matters into their own hands and share ideas on how to take action around People, Planet and Profit.   People – Rethinking how we Invest […]

The importance of Family in the family business

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Could we be undervaluing the ‘soft’ side of family business because it isn’t directly measurable in money? At BFF we often talk with enterprising families who are justifiably confident about the ‘business’ side of ‘family business’ yet feel less sure about the ‘family’ side. It’s a very common phenomenon and […]

Navigating a “VUCA” World

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An alternative perspective on the critical difference of family businesses Thierry Malleret, Managing Partner of The Monthly Barometer, provoked discussion at a BFF Forum event when he commented on how well family businesses are suited to a world that is VUCA – volatile, uncertain, complex and ambiguous. His argument was […]

What do you want your legacy to be?

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What do you want your legacy to be? And how far will you go to enforce your vision of the future? A great strength of many business families is the ability to think long-term, to the next generation and beyond. But like many strengths, there is a danger of overdoing […]