matthewdavid
Strong Families, Strong Businesses: Recognize the Power of External Guidance, Embrace Growth Mindset, Overcome Challenges.
Family businesses possess something that doesn’t exist in conventional ones. The unique family bond. The blood ties that fuel innovation and build resilience in difficult times.
Succession Planning: The Example of Bernard Arnault
With a net value of over $220bn, LVMH founder and CEO Bernard Arnault is the wealthiest person in the world. But while the company is Europe’s largest by market capitalization, it’s run as a family business. How did he build a succession plan?
Referees and Family Dynamics: How Executive Coaching Can Restore Harmony
Are you reeling from a referee decision that cost your NBA team points over the weekend? Sports would not be sports without fans complaining about a referee decision.
Priorities
If I was to ask you honestly what your priorities were, what would you say? Maybe there’s a difference between what you think they are and what the time you allocate to each of them would reveal. It’s easy to lose focus on the big things, like family, friends, and experiences. The things that allow us to be our authentic selves.
Shirtsleeves to shirtsleeves in three generations
‘Shirtsleeves to shirtsleeves in three generations.’ You may have heard that proverb. It highlights the point that wealth rarely survives beyond three generations. The actual figures make for stark reading. According to a report by the Boston Globe, only 12% of family-owned businesses make…
2023 has seen the largest family growth increase in family businesses in 15 years.
Why? According to an article I read over the weekend by Pricewaterhouse Cooper, it’s down to the modernizing of family business governance. A couple of things really stood out to me: It said, “73% of family businesses that experienced double-digit growth over the last financial year…
Vision
Having vision is not about sight, it’s about how you perceive and interact with your reality, whatever that may be. It’s about taking advantage of the time you have right here, right now. And discerning what is important and what is not. If you’re having…
Crying CEO
Stress is real. Tears are a healthy coping mechanism. And had the crying CEO* consulted me, I would have said “make it short and sweet and NOT about you”.
“Can’t of Coke”
When coaching executives, one point I try to drive home is don’t be a “Can’t of Coke”. What does this mean? Just because the voice inside your head is saying you “can’t do it” with a long list of reasons why it won’t work, challenge…
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Evolution of Succession Planning
Family-owned businesses have long been the backbone of Asia’s economic landscape. Key to their renowned longevity are succession plans. But as the years pass, the dynamics of succession plans are changing – not just in Asia, but worldwide.
Why JB’s Executive Coaching is a Must-Have for Family Businesses
In the world of family businesses, challenges are common, and the stakes are high. Often, family business leaders only realize they need help after facing tough times and failures. Perhaps you can relate to that. Perhaps you’ve considered working with an executive coach but deemed it a luxury rather than a necessity. Let me show you why this isn’t the case.
Nurturing Legacy and Values in Family Business Growth
The story of Doucette’s Boat Building is a heartwarming one. It’s a blend of legacy, mentorship, and unwavering values – the keys to sustained success. What can we learn from their example?
Empathy: The Key Trait in Business That Sets Exceptional Leaders Apart
Empathy is the ability to understand and share the feelings of another person. It goes further than sympathy. Why? Because it needs people to genuinely connect with others on an emotional level. But it’s more than an emotion – it’s a skill. And, like any skill, it can be developed to create a more supportive and harmonious environment within your business.
How Family Dynamics Shape Family Business
Combining personal and professional lives also presents unique challenges within the family dynamics. Sibling rivalry, birth-order effects, and parent-child relationships can all impact the unity within the family. And therefore, the success of the business.
Heinz’s Colorful Experiment: Breaking the Rules of Ketchup
In the year 2000, Heinz Corporation made a bold and risky move. Something that defied the norms of the condiment industry and dared to break the sacred law of ketchup: that it must always, always be red.
A Legacy of Giving: Uniting Generations for a Brighter Future
In a small Southern town, an established family foundation faced a pivotal moment. Their founder had passed and their Executive Director was set to retire.
What would happen next? How could they transition to new leadership with an interspersed next generation? How could the board align and set the foundation on the right path?
Resolving Interpersonal Conflicts in Family Businesses
Resolving conflicts in family businesses: The inspiring Alvarez family journey. Join the Alvarez family on their transformative path to harmony within their fourth-generation bakery. With open communication and a commitment to resolution, see how they overcame mounting tensions, and rebuilt trust as well as their business.
Taking a Closer Look at the Correlation Between Trust and Profitability
Today’s leaders must go beyond chasing profits. Now, it’s about making a lasting difference and creating positive change. It’s a huge challenge and responsibility for next-gen leaders – and achievable.
Coaching Next-Gen Leaders: Inspiring Positive Change
Today’s leaders must go beyond chasing profits. Now, it’s about making a lasting difference and creating positive change. It’s a huge challenge and responsibility for next-gen leaders – and achievable.