family dynamics Archives - Conway Center for Family Business

family dynamics

Legacy meets agility: How family-owned businesses drive innovation

Legacy Meets Agility: How Family-Owned Businesses Drive Innovation

Family-owned businesses may be seen as steeped in tradition — committed to their heritage, customers, employees and communities. Underlying this reputation lies a surprising twist: many family enterprises also are leading innovators in their industries. Their unique mix of long-term thinking, deep-rooted values, and cross-generational leadership creates fertile ground for reinvention. When done well, innovation […]

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Maintaining Trust in the Family Business – Next Gen Leaders

Trust is a powerful and delicate thing. Like much of what we rely on in our family business relationships, trust offers us a paradox of sorts that can be difficult to navigate. In our most recent NextGen Leaders Group at the Conway Center for Family Business, we explored how trust is built, how it grows,

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Leading a Family Business with Siblings and Cousins - May Educational Program

Leading a Family Business with Siblings and Cousins – May Educational Program

At the May Monthly Educational Program: Leading a Family Business with Siblings and Cousins, Becky Fromkes, Professional Implementer with EOS Worldwide, facilitated a dynamic and insightful conversation with siblings Jenny & David Jarvis of Jendco Safety Supply and brothers Adam and Eric Stolly, and their cousin Joel Stolly of Stolly Insurance Agency. The panelists shared

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Leading the Legacy: ReDEFYning Leadership in Family-Owned Businesses

Leading the Legacy: ReDEFYning Leadership in Family-Owned Businesses – Leadership Development

Family-owned businesses are near and dear to my heart being the founder of one, but more importantly, they are the backbone of our communities, built on legacies, shared values, and a deep commitment to the future. But in today’s rapidly changing world, traditional leadership models may no longer be enough. It’s time to redefine what

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Succession Planning Strategies When Life is Unpredictable

Succession Planning Strategies When Life is Unpredictable

The most resilient businesses are ones that expect the unexpected. Life-altering events like Death, Disability, Divorce, Disagreement, and Distress — which are known as the “5 Ds” of succession planning — may be unexpected, but that doesn’t mean you can’t plan for them. While no succession plan is foolproof, you can stay on track if you

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Creating an inclusive workplace: Insights from all Generations by Marsh McLennan Agency

Creating an Inclusive Workplace: Insights from All Generations

Benefits strategies for multiple generations are essential in today’s diverse workforce. With employees ranging from Baby Boomers to Gen Z, organizations must develop strategies that cater to the unique needs and preferences of each generation. While each generation may have different priorities and expectations when it comes to benefits, there are also common themes that

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What is a Family Business Charter and What Should it Include?

Developing a family business charter helps individuals with differing points of view learn to work together in the spirit of collaboration toward a greater good — the health of the family and the business. Designed specifically for families in business together, a family business charter documents the shared understanding between the owner/founder and family members

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Conway Center Case Study Understanding Generational Issues in Family Business

Closing the Gap: Understanding Generational Issues in Family Business

Featuring:Dr. Thaddeus O’Brien, O’Brien & AssociatesTobi Gold, Skilken Gold Real Estate DevelopmentFritz Reitter, Reitter Stucco & Supply Co. Inc.Kevin Schoedinger, Schoedinger Funeral and Cremation Service Understanding Generational Issues in Family Business The generations that launched many of our family businesses are living longer, resulting in more generations being involved in family business at the same

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7 in 10 Advisors Say Navigating Interfamily Dynamics is the Hardest Part of Estate Planning

Seven In Ten Advisors Say Navigating Interfamily Dynamics Is The Hardest Part Of Estate Planning For HNW Families Key Private Bank’s Advisor Poll found that having no plan in place is the leading estate planning mistake Key Private Bank, the wealth management arm of KeyCorp (NYSE: KEY), released the results of its latest advisor poll,

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