We've all done it, started that New Year resolution only to get a month in and abandon our convictions to convenience. That new workout, quitting a bad habit, whatever "it" is, we have to be aware of our natural proclivities. This is especially true when it comesRead more →
They're Greeeaaaatttt! What can you say about companies that have a good handle on giving back to their communities and other stakeholders besides, "They're Great!" Most companies include corporate sustainability and corporate social responsibility as critical pillars of their organizations, and rightly so. But beyond environmental concerns,Read more →
While it may seem that everything you read on change management is through the lens of COVID-19, indeed we can expect this trend to continue until the masks come off and people begin to stand closer than six feet from one another. The fact is that COVID-19Read more →
Happy New Year from Ferguson Interests! With 2020 in our rearview mirror, we need only glance back to see perhaps one of the most tumultuous years in recent history. This last year has deeply impacted many family-owned businesses in America, forcing many companies to furlough staff andRead more →
The Evolution of Corporate Governance As a family grows in size and complexity and their business operations grow in size and complexity, their governance needs to keep pace. So what does good governance look like in a family firm? Now more than ever, family businesses need goodRead more →
Onboarding New Family Members: Don't Miss Out on the Opportunity In our last submission on the topic of Onboarding New Family Members, we began to dissect some of the nuances of bringing new family members aboard the family enterprise, and some of the challenges that leadershipRead more →
Onboarding New Family Members: Don't Wait Until It Is Too Late In a recent article written by Joline Godfrey and Alexandre Monnier on the topic of Onboarding new family members, we found some interesting content that we would like to develop for our audience in aRead more →
Reevaluating Short and Long-term Incentive Plans During a Crisis For the past two months, boards and management teams have been working overtime to react quickly and grasp the impact of the Corona Virus. For the most part, organizations, such as yours, have undoubtedly been focused on immediateRead more →
Gender Diversity In Family-Owned Businesses So much in the news today is centered around diversity in the workplace. While family-owned businesses grow and thrive in the current culture, they are not immune to other organizations' challenges. Addressing the topic of diversity is not a new hurdle either.Read more →
In a recent research article from the International Journal of Entrepreneurial Behavior & Research, researchers investigated the effects of the COVID-19 crisis on family firms to provide some interesting insights which shows that the pandemic represents a unique challenge for companies impacted by the crisis. The studyRead more →