Family Business Relationship Challenges: Managing Boundaries
More at Stake: The Family Business Podcast
by Amelia Renkert-Thomas: Family Business Governance Consultant
1y ago
In this episode, Keith Michaelson and Don Opatrny of The Lovins Group introduce and discuss the first of six key challenges that couples face when they are part of a family business: managing boundaries. Don and Keith walk us through why boundaries can be challenging for couples in the context of family business, the kinds of boundary conflicts that can occur—what they look like, how they can feel—and then offer some ideas and tools that can help couples begin to manage their boundary challenges. You can find all of our articles, interviews and resources at www.EngagedOwnership.com.   ..read more
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Family Meetings: Purpose, Pitfalls, & Practices
More at Stake: The Family Business Podcast
by Amelia Renkert-Thomas: Family Business Governance Consultant
1y ago
Don Opatrny and Keith Michaelson of the Lovins Group join The Family Business Podcast to discuss the role of family meetings in family enterprises and offer some practical ideas for improving your family’s family meetings. Family meetings play an important role in family business governance. They are an opportunity to grow the capacity of the family to meet challenges together, as a family, and create space to succeed in what the Don and Keith refer to as, “the task of family.” We will explore ways of creating effective family meetings; how family meetings fit into overall governance; and how ..read more
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Enterprise Capital as a Competitive Advantage: An Interview with David Worth
More at Stake: The Family Business Podcast
by Amelia Renkert-Thomas: Family Business Governance Consultant
1y ago
In this episode, David Worth sat down with Engaged Ownership associate, Nathaniel Squires, to discuss how his family’s enterprise, Worth Industries, has turned a simple strategic concept into a robust form of Enterprise Capital. David is Chair and former CEO of Worth Industries, and Executive Director and our colleague at The Family Enterprise Center of the University of North Carolina, Chapel Hill. New to the podcast? Be sure to check out our last episode, “5 Steps to Enterprise Capital” for a primer on the subject of Enterprise Capital and how it can become a driving force for innovation and ..read more
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5 Steps to Enterprise Capital
More at Stake: The Family Business Podcast
by Amelia Renkert-Thomas: Family Business Governance Consultant
1y ago
Human Capital is essential to a family business. But Human Capital can also be fragile. How do you ensure that the essential know-how that makes your business uniquely successful gets carried on? How do you scale your competitive advantage? How do you protect your most important capital? You make it into Enterprise Capital. What is Enterprise Capital? Enterprise Capital is all the unique know-how embodied within a business that allows a product to be made or a service to be delivered better than the competition can do it. It is the coming together of Human and Financial Capital to solve a prob ..read more
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Human Capital and Collaboration: An Interview with Jane Sommers-Kelly
More at Stake: The Family Business Podcast
by Amelia Renkert-Thomas: Family Business Governance Consultant
1y ago
Trust | Listen | Respect In this episode, Executive Leadership Coach Jane Sommers-Kelly speaks on her three-element approach to improving collaboration and tapping into Human Capital in teams and businesses: Trust, Listen, and Respect. You and your team can use this deceptively simple concept to tackle big questions, leverage untapped Human Capital, foster collaboration, and find solutions when solutions are hard to come by. Listen in to learn more. You can learn more about Jane’s work at www.JSKLeadership.com. You can find all our articles, interviews, and resources on www.EngagedOwnership.co ..read more
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Don Opatrny and Keith Michaelson on Managing the Experience of Guilt
More at Stake: The Family Business Podcast
by Amelia Renkert-Thomas: Family Business Governance Consultant
1y ago
Don Opatrny and Keith Michaelson of the Lovins Group join The Family Business Podcast to talk about how COVID-19 is presenting new and difficult ways guilt can manifest itself in our lives. In this interview, Keith and Don share how family business leaders are coping when feeling overwhelmed and guilty from challenges they face or decisions they may have to make. Listen in to learn more about how you might deal with these challenges. The Lovins Group works with enterprising families to maintain healthy relationships and minimize risks as they move through generational transitions. The Lovins G ..read more
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Core Capital in the Time of COVID | Part I
More at Stake: The Family Business Podcast
by Amelia Renkert-Thomas: Family Business Governance Consultant
1y ago
Around the world, family businesses are reacting and adapting to the challenges presented by COVID-19. In our work at Engaged Ownership and Renkert Thomas Consulting, we have found enterprising families to be uniquely adept at navigating such crises. How do they do it? By finding new ways to tap into their Human Capital. Listen in to learn more about how you can tap into your Human Capital and hear some examples of how businesses are utilizing Human Capital to address their changing needs, constraints, and opportunities. More resources can be found on www.EngagedOwnership.com ..read more
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Engaged Ownership | Part IV
More at Stake: The Family Business Podcast
by Amelia Renkert-Thomas: Family Business Governance Consultant
1y ago
Engaged Ownership Part IV discusses three situations that present challenges to developing engaged ownership: when the enterprise has both managing and non-managing owners, when a trustee is also an owner, and when outside investors are owners. Each of these circumstances presents unique challenges to a group of family business owners. Part IV of Engaged Ownership provides strategies for overcoming these challenges ..read more
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Engaged Ownership | Part III
More at Stake: The Family Business Podcast
by Amelia Renkert-Thomas: Family Business Governance Consultant
1y ago
Practicing Engaged Ownership Part III explains how family business owners do the work of practicing engaged ownership and foster and maintain engagement. Chapter 11 spells out the reasons for and benefits from developing forums in which to make decisions. Family business forums include the Owners Council, Board of Directors, Family Assembly, and Beneficiary Council, and each has unique roles and responsibilities. An essential part of developing forums is establishing a clear allocation of decision-making power among stakeholders—owners management, board, and family—so that decision-making is t ..read more
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Engaged Ownership | Part II
More at Stake: The Family Business Podcast
by Amelia Renkert-Thomas: Family Business Governance Consultant
1y ago
Part II: Getting Organized Part II of Engaged Ownership provides a foundation for family business owners seeking to increase engagement. You will learn about the complex relationships among owners, board of directors, management, and family, and how those wearing multiple “hats” can better navigate their responsibilities. You will also learn how family history, legacy, and natural governance affect the culture and environment within the family business system. Perhaps most importantly, Part II teaches the importance of a family’s Core Capital—human capital and enterprise capital, in ..read more
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