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Beware developmental illiteracy
Families pay a high price for not understanding that individuals grapple with different issues at different ages.
Communication
Every LGA article represents the authentic insights, strategies, and first-hand experience of our global advisory team. Client scenarios are drawn from actual advisory engagements and anonymized to protect confidentiality. Furthermore, each article undergoes rigorous internal peer review to capture our collective wisdom and deliver actionable strategies for enterprising families committed to multigenerational success.
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Ready, fire, aim over the internet
E-mail has proved to be an appealing medium in family businesses, but some types of messages can backfire.
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Succession Journeys
With statistics indicating that an unprecedented number of family businesses will be changing hands in the next decade.
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Independent directors in the middle
Whether they like it or not, outside directors on a family board often confront and must deal with succession issues.
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Why families don’t empower leaders
Reluctance to grant authority to siblings and cousins can paralyze the best-designed governance structures.
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High flyers on the small screen
Sex! Scandal! Crime! Money! Good guys and bad guys and plenty of conflict between them.
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The pursuit of self-interest undermines trust
Why do people in a family business often risk destroying their bonds.
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When the generational planets are misaligned
The psychological needs of parents in their 40s and of successors-to-be in their 20s are often on a collision course.
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Every family gets the In-laws they deserve
Owners are quick to blame in-laws for tensions, ignoring their own contribution to the problems.
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Equal isn’t always fair
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.