The NCFP and LGA Collaborative Pilot Research Project on Philanthropy in Complex, Multi-Generational Families: To Integrate or Differentiate?

Posted on October 28, 2019 by Wendy R. Ulaszek, Ph.D., Kelin E. Gersick, Ph.D.

The largest and most complex exemplary philanthropic families now face many challenges beyond foundation operations. Increasing size, geographic dispersal, and psychological distance from the founders all contribute to the difficulty of finding ongoing roles for family members that satisfy both the individual’s needs for self-expression and authenticity and the collective need for buy-in to the collaborative process of the foundation… Read More

Philanthropic Planning in Your Family Enterprise

Posted on October 15, 2018 by Wendy R. Ulaszek, Ph.D.

While every family’s relationship to philanthropy is unique – based on entrepreneurial legacy, family values, cultural context, business performance and stakeholder expectations – the authors of this issue brief suggest that there are common lessons for all families who are contemplating a more strategic approach to engaging in these activities… Read More

Mentoring the Next Generation

Posted on June 30, 2002 by Katherine Grady

The next generation of mentors- parents, uncles, aunts, grandparents, senior business leaders and advisors- play an important role in guiding the next generation of family members. Career planning strategies can help these mentors prepare the next generation for their roles in the family business… Read More

Governance in the Evolving Business Family

Posted on April 29, 2002 by Kelin E. Gersick, Ph.D.

After introducing a three’stage model of business family development in ‘Staying Connected While Growing Apart,’ Kelin Gersick explores the implications of that model for the critical tasks of governance and continuity. While strategy, finance, and management can strengthen a family enterprise, continuity depends viable family relationships, the commitment and collaboration of an ever-expanding network of ever-more-distant relatives… Read More

One Way To See If The Future Works

Posted on October 31, 1998 by Ivan Lansberg

Moving to a new form of leadership in the next generation? You can map your way by visiting other families who are already there. Experience, a learned business leader once said, is what we have when we get what we never expected. While it can be a powerful teacher, however, experience can be a very costly path to learning… Read More

When the generational planets are misaligned

Posted on October 20, 1997 by Ivan Lansberg

Parents in their forties and children in their twenties are on a developmental collision course. Parents in their forties enter a period of life reassessment that can shake confidence in their own judgment just as their now grown children enter the family enterprise. Given this complicated dynamic, many recommend the potential successor work outside the family enterprise for a while… Read More

Family Councils: the Best Investment a Family Will Ever Make

Posted on February 17, 1997 by Ivan Lansberg

The creation of a family council is one way to restore the balance between business and family life. A successful entrepreneur once told me, “No amount of business success ever makes up for a family failure. If the family is not working right, sooner or later it will bring down your business.” Ten years ago this entrepreneur did something to… Read More

Equal Isn’T Always Fair

Posted on October 28, 1996 by Kelin E. Gersick, Ph.D.

Parents want to be fair to all their children. When their offspring work together in the business, it isn't always easy to figure out the best way to do it. Parents can certaintly create conditions that make sibling partnerships possible, through mentoring, training, discussions of partnership options at an early age, and through an equitable distribution of ownership… Read More