Leading the Way to the Pinnacle
South China Morning Post, August 4, 2012
Climbing Mount Everest takes skills, plans, a strong team and luck. But it's how people work together that matter most – just as it does in business. Read more...
Articles
Past, present, future: passing the baton to a new generation
The Times, Family Business Special Report, October 4, 2012
Managing the transition of ownership and control across generations is a challenge that every family business must face. To many business families, the Bancrofts’ experience of losing Dow Jones & Company – to the Murdochs – would represent the ultimate failure. Read more...
Leadership at Core of Apple's Success
South China Morning Post, April 7, 2012
Jobs' model for companies was the Beatles – he saw teamwork as integral to realising his vision with a clear strategy and plan to nurture talented workers. Read more...
How to Bridge a Great Divide
South China Morning Post, January 7, 2012
The transfer of a business from one generation to the next can turn into a disaster if the family has not planned and made decisions together. Read more...
Planning for Succession is Crucial
South China Morning Post, November 5, 2011
Beware the "majority-of-one" leadership model. Family-business founders who fail to consult the next generation or plan for its eventual succession threaten the future success of their businesses and the Asian economic miracle. Read more...
Business of Keeping it in the Family
South China Morning Post, July 2, 2011
Priming the next generation to continue the success of an enterprise is becoming a perplexing problem for Asian bosses. But by encouraging four skill sets, they can turn their children into future leaders. Read more...
How to lead your family business out of the crisis
Campden FB, Summer 2009
Professor Randel Carlock, INSEAD’s Berghmans Lhoist chaired professor in Entrepreneurial Leadership and director, Wendel International Centre for Family Enterprise, outlines strategies to help your family business through the current storm. Read more...
A conversation with Curt Carlson
In one of his last interviews, the late entrepreneur looks back on his career and discusses the workings of his family business - Read More
Trouble at the family mill? Call in the Chief Emotional Officer
An INSEAD Knowledge article featuring a video interview with Randel Carlock:
"Family-owned companies need to be run with emotional, as well as professional leadership, experts say. That’s one area where senior family members often have a crucial role to play."
The psychology of succession
Keeping a family fortune intact is not just a matter of good investment practice or legal structures. The concept of stewardship is key,says INSEAD professor Randel Carlock - Read More In PDF Format
Nurture Your Business
AND MAKE THE WORLD A BETTER PLACE
Family business is a challenge because families are about emotions and businesses are about financial performance – not a likely formula for a successful partnership. Yet,despite this apparent conflict in purposes, many family businesses createa competitive advantage based on stewardship by aligning their concern for family emotions while acting professionally to deliver business performance. Read More
Developing the next generation of leaders for Asian Businesses
Developing capable leaders and owners is one of the most challenging tasks for any organisation... Read More
The great family business brainstorm Campden FB No 45 Spring 2010 May 2010
Professor Randel Carlock, INSEAD's Berghmans Lhoist chaired professor in Entrepreneurial Leadership and director of the Wendel International Centre for Family Enterprise, outlines the results of a family business brainstorm at the FBN Global Summit.
More than 600 participants at the 20th Family Business Network International Global Summit came together last October to brainstorm ideas on how to deal with crisis and conflicts.
Read more: The great family business brainstorm Campden FB No 45 Spring 2010 May 2010
Family conflict – when enough is enough
First Published in Families in Business Magazine No 40 Sep/Oct 2008
The latest news of conflict between Mukesh and Anil Ambani comes as no surprise. Mukesh's Reliance Industries began arbitration proceedings against Anil's Reliance Communications in July following a collapsed merger deal with MTN Group, claiming it has first right to refusal over Anil's stake in the company. The brothers have been fighting since 2002 following the death of their father and the subsequent division of his business empire.How family businesses can shape their next generation
ONE of the most important responsibilities of senior family and management in the succession process is creating structures that support positive relationships with and among the next generation.
Families must recognise that these relationships are shaped by a combination of genetic and environmental forces, including birth order, gender, personality and individual and family experiences.
It is unrealistic that siblings or cousins who have had a conflicted relationship will suddenly work together for the good of the family and business.
Read more: How family businesses can shape their next generation