Filter by:
Innovation
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 […]
How would you know? Excellence Canada and PwC Canada are pleased to present the Canadian Business Excellence Awards for Private Businesses. The Canadian Business Excellence Awards for Private Businesses celebrates companies that are already doing lots of things right today and are on the path to even greater things tomorrow. […]
As the concept of the Innovator’s Dilemma pervades business culture, organizations big and small, in sectors from education or high-technology, increasingly worry they will be “disrupted” by industry newcomers. “Disrupt or be disrupted,” the Silicon Valley adage goes, influencing organizations to experiment with emerging business models, out of fear that these harmless new players may down the line challenge their age-old business (e.g. MOOCs and business schools). Driven in part by this need to stay at the frontier of innovation of a quickly changing landscape, large and established companies are investing in new ventures. At first glance, family businesses may play no obvious role in this dynamic, neither as investor or investee. However, Family is one of the Fs in the three Fs of entrepreneurial financing, along with Friends and Fools, meaning that family businesses have likely started with family funding at one point. Furthermore, the unique goals and composition of family businesses may in fact provide them with considerable advantages compared to non-family business investors.
Imagine if there was a potion to success… Identifiable qualities and steps that you could follow to build a 100-year family business. Well, we have just that. Follow the seven qualities here and you’ll be on your way to a sustainable multi-generation business.
Generations have a lot of similarities but just as many differences as well. In fact, they have personalities, just like people.
Rome wasn’t built in a day. Neither was your company. What are the benefits to sustainability? How can they help your business survive? Get the answers to your questions here!
As millennials, or those born between 1980 and 1990, enter the workforce, organizations everywhere are struggling to attract and retain top talent. New research from Pew Research Center shows that millennials are among the best-educated cohort of young adults in American history. And the reality is that their participation is required in order for the organization to survive in the long-term.
Baby boomers are retiring and Generation Y’s are looking for successors. Who’s next in line? Generation Z. Learn these easy-to-follow strategies to engage this generation. Remember, they are the future leaders of YOUR business.
One of the well-known traits of millennial, or those born in the 1980s and 1990s, is their lack of trust of institutional hierarchy and their desire for autonomy and recognition. These characteristics, coupled with the low cost of technology today, make entrepreneurship a highly attractive option for this cohort. As a result, organizations must cultivate the right environment to attract and retain members of Generation Y, or risk losing out on talent, innovation, and the next generation of business leaders. The process will not be easy. It could alienate or upset other employees within the organization and is likely to disrupt traditional decision-making processes for a while.
Running a business wasn’t always smooth sailing for you, so don’t expect it to be that way for your successor. Find out here how you can prepare and be prepared for the next generation’s leadership.
