Family Business

How to Assess Governance Maturity and Improve Family Business Strategy Using the Three Circle Model

Even after 40 years, the Three Circle Model of Family Business is still an effective tool for dealing with the challenges of running a family business.

To be an effective advisor to a family business, you need to assess the governance maturity of each circle

Business resilience is a concept with a new meaning in a Covid-19 world. It has been defined by the National Association of Corporate Directors (NACD) as “the capacity of any entity to prepare for disruptions, to recover from shocks and stresses, and then to adapt and grow from a disruptive experience.” Resilience is the demonstrated ability to move forward

It’s been six months since Covid-19 hit the U.S. Now that the immediate crisis is over, board members are tasked with evaluating how their businesses pulled through the acute stretch of the pandemic by asking questions, such as, How did we do? What could we have done better? How do we prepare for the next crisis?

This process demands that

The Covid-19 crisis is unlike anything we’ve seen before. Not only is this pandemic unprecedented; it’s having a different impact on different industries. While some organizations have been forced to a near standstill, others are forced to increase productivity under pressure to survive. One item remains constant: having a seasoned board is more important now than ever before.

While there

COVID-19 has drastically altered the course of America’s small and medium-sized businesses. According to a recent Facebook survey of over 86,000 SMB owners, managers and employees, about a third of SMBs are currently closed. Nearly half of owners whose businesses are still open are suffering burnout. Fewer than half of nonoperational SMBs plan to rehire the same workers and over

In his book Anna Karenina, Leo Tolstoy wrote, “All happy families are all alike; each unhappy family is unhappy in its own way.” Known as the Anna Karenina principle, this applies to succession planning in family business as well as statistical significance tests, the failed domestication of animals, ecological risk assessments and losing sports teams.
After studying numerous successes and