Running a family business offers a unique blend of professional and personal rewards, but it also comes with its own set of challenges...

In the business world, the concept of ‘doing business right’ encompasses ethical decision-making, corporate social responsibility, and...

In a family business, culture isn’t just an abstract concept—it’s the glue that holds everything together. A strong, value-driven culture...

Family businesses are unique entities where personal and professional lives are deeply intertwined. They carry with them legacies,...

In family businesses, relationships run deep and the bonds of kinship intertwine with the pursuit of success. In this article, I’ll...

Managers and business owners know that it is good to build trust within their workplace and amongst teams. Business specialists at TelephoneSystems.Cloud have named five ways to build a trusting relationship amongst employees and senior staff members. Managers should be willing to implement changes and feedback recommended by team members to build a sense of value and support. Being transparent with effective communications will encourage others to feel confident in shari

In the dynamic landscape of family businesses, a unique form of wealth often goes unnoticed - spiritual capital. Beyond financial assets...

We understand the importance of values in family firms – check out Kyler Gilbert’s write up on The Importance Of Values In Family Firms ...

In a family business, values and culture are not mere buzzwords; they form the essence of the organisation, guiding decisions, shaping identity, and defining relationships with employees and customers. Family business owners take pride in their rich tapestry of values and culture. However, a potential pitfall is becoming too entwined with these values, hindering the ability to critically assess their full potential. Embracing values and culture is undoubtedly positive, creati

“Corporate culture” is a buzz phrase that’s been going around for over a decade now, though the actual meaning behind this hot topic is...

Every business has its own unique culture but never more so than within a family business. Family businesses feel different, and a strong family business culture can inspire high levels of engagement and commitment from employees. Beverley Mitchell from Beverley Mitchell Consulting shares 8 tips with us about how you can utilise your own unique culture to drive long term business effectiveness and success. 1. Consider your culture and values as a whole. This is your Unique Se

How can you ensure that your business reflects the character of your family? Could an internal brand be part of the solution? The defining feature of a family business is the family – whether that’s a couple, siblings, or a multi-generational dynasty. Whatever the configuration might be, if you’re going to identify as a family business, you want to be able to see yourself in it. It might sound abstract and impersonal to talk about your family as part of a brand strategy, but

“What do you mean we can’t pay dividends this year?” Elisa was incredulous. The board of the watch company she and her husband Mark had founded had just reviewed projected end-of-year performance. Usually this meeting was a celebration of another incremental step forward, with moderate growth, no debt, and significant dividends, which Elisa and Mark used to support their comfortable lifestyle and charitable donations. This year, however, revenue growth was way up, but profits

Internationalising can be difficult for businesses, especially if their products are grounded in domestic cultural traditions and require the possession of some degree of cultural knowledge to be understood, used, and valued by foreign customers. But new research from the UCL School of the Management reveals three different “cultural strategies” available to these companies if they wish to succeed on an international scale. Success may require managers to explore opportunitie

When it comes to family business, one of the biggest challenges they face in the near full employment economy in which they operate is...

Trust is a fundamental basis for both cooperation and competitive advantage in family businesses. The words ‘trust’ and ‘business’ written within such proximity may raise some eyebrows. However trust is a fundamental basis for both cooperation and competitive advantage in family businesses. Trust entails the acceptance of one’s vulnerability based on one’s expectations of the way others will behave. This vulnerability is central in many definitions of trust and is the conditi