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next generation

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.

Tomorrow’s owners

September 1, 2002

Sustainable development, corporate citizenship and the transfer of tradition and positive family values: Finland’s next generation entrepreneurs explain their understanding of responsible ownership

Tarja Valde-Brown is senior communications consultant and deputy managing director at Eurofacts Oy, a Finnish public affairs and communications agency operating in the Baltic Sea region. Terhi Ikonen is communications assistant at Eurofacts Oy, part of Fleishman-Hillard global communications network.

Sustainable development, corporate citizenship and the transfer of tradition and positive family values: Finland's next generation entrepreneurs explain their understanding of responsible ownership

Mentoring the next generation

June 1, 2002

The next generation of mentors – parents, uncles, aunts, grandparents, senior business leaders and advisors – play an important role in guiding the next generation of family members. Career planning strategies can help these mentors prepare the next generation for their roles in the family business

Katherine Grady is a Senior Associate with Lansberg, Gersick & Associates LLC, a family business consulting firm in New Haven, Connecticut. She is also an Associate Clinical Professor of Psychology at Yale University.

The changing face of family business in India

February 1, 2002

A new generation of skilled entrepreneurs and the instability of industry within the public sector brought about a serious rethinking regarding the potential of privately-owned businesses in India

The centre of the Indian social identity is the family. In many cases, the family not only tells you who you are but also what you do. Thus, family businesses are not merely economic structures; for most business community individuals, the business is the source of their social identity. Furthermore, the family and the business are not treated separately. The boundaries of essentially two different systems, family and business – with distinctive rules governing their respective behaviours – overlap within the business house.