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next generation

The ‘next generation’ sessions: The promise of youth

January 1, 2004

I’ve always liked travelling, especially with my dad, Robert, who has been a member of the Family Business Network for several years and for whom this was his fourth world conference.

Rob Patterson is the son of Bob Patterson, one of the founding principals of the Virginia-based ASC Advisory Group.

The Next Generation Conference: Exploring options and developing leadership

January 1, 2004

The field of family business studies has begun to address the need for new approaches to preparing the next generation of qualified leaders and capable owners.

Elizabeth Florent-Treacy is research project manager, INSEAD Initiative for Family Enterprise, Fontainebleau France and Singapore. (The contribution of Michael Carlander and the Next Generation Working Group is gratefully acknowledged.)

Now what do we do?

September 1, 2003

In December 2002 the Daniels family were enjoying a rare Sunday dinner together.

In December 2002 the Daniels family were enjoying a rare Sunday dinner together. Jane (25) was home for the holidays from Stanford University where she was completing a PhD in history. As usual, the conversation turned towards Ridgeway Harley-Davidson, the business that was started by Joe Daniels (52) and his wife Anne (48). The business had done well over the years and Mark, their son (23) had joined the business full-time in 1998. But once again, as Joe watched his wife and son talk, he started to feel 'out of the loop'.

Preparing the next generation: experience and career training

April 1, 2003

In the second of a two-part series on preparing the next generation for a career in the family business, Miguel A Gallo explains why experience and career training are so critical for a future in the family business

Miguel A Gallo is a professor at IESE Business School in Spain.

All change: next generation preparedness

April 1, 2003

Family business successors face increasing pressures and new challenges as they step up to the fore in an unforgiving global business landscape. How can tomorrow’s leadership prepare for the role?

Melanie Stern is Section Editor of Families in Business magazine.

Family business successors face increasing pressures and new challenges as they step up to the fore in an unforgiving global business landscape. How can tomorrow's leadership prepare for the role?

Overwhelmed and unsure

April 1, 2003

In the late 1950s Harold Reynolds, as sole owner, founded a gravel and crushed stone business, County Gravel, Inc (“County”) that thrived during a highway construction boom.

In the late 1950s Harold Reynolds, as sole owner, founded a gravel and crushed stone business, County Gravel, Inc ("County") that thrived during a highway construction boom. Harold and his wife Gladys equally, as the Reynolds Limited Partnership ("the Partnership"), own the real estate where County conducts its active business. Gladys and Harold have three children: Bill (48), Cathy (44) and Ricky (42).

Finding a role in the family firm

January 1, 2003

The FBN’s Next Generation Worldwide Meeting proved once again to be a big success, attracting over 400 participants. This year, however, delegates included not only junior family members but also senior family members wishing to learn more about the challenges that will face their offspring

Professor Randel S Carlock is the Berghmans Lhoist Chaired Professor in Entrepreneurial Leadership and Director of the Family Enterprise Challenge executive programme at INSEAD. Elizabeth Florent-Treacy is Research Project Manager at INSEAD.

The FBN's Next Generation Worldwide Meeting proved once again to be a big success, attracting over 400 participants. This year, however, delegates included not only junior family members but also senior family members wishing to learn more about the challenges that will face their offspring

Making good life changing decisions

January 1, 2003

Many next generation people face the tough decision of whether to join or stay in the family business – and the FBN conference addressed ways of approaching this dilemma

Barbara Murray is Consultant Editor of Families in Business magazine.

Many next generation people face the tough decision of whether to join or stay in the family business – and the FBN conference addressed ways of approaching this dilemma

Preparing the next generation: education

November 1, 2002

In the first of a two-part series on preparing the next generation for a career in the family business, Miguel A Gallo explains why the role of education is so critical for a future career in the family business

Miguel A Gallo is a Professor at IESE Business School, Barcelona, Spain.

The statement that "the family business is different" has become something of a cliché, but that does not stop it from being a truth that impacts almost all strategic management activities in these types of companies.

The next generation

November 1, 2002

Family businesses must look to the future if they are to survive and the new generation in Spain is being given its chance

Francisco Valera is an associate of Lansberg, Gersick & Associates, a family business research and consultancy group.

Family businesses must look to the future if they are to survive and the new generation in Spain is being given its chance

This article is based on more than seven years' experience with young people from the next generation of family businesses in Spain and clearly conveys a message, from Spain's next generation of leaders and owners, of hope and enthusiasm about the continuity of their family businesses in Spain.