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next generation

January 28, 2009

Family member Richard C Gage has been elected to the Carlson board of directors, Carlson chairman Marilyn Carlson Nelson has announced.

Family member Richard C Gage has been elected to the Carlson board of directors, Carlson chairman Marilyn Carlson Nelson (pictured) has announced.

The election is part of a plan to rotate third-generation Carlson family members on and off the board every three years. Richard replaces his brother, Scott C Gage, who has served on the board since 2006.

October 9, 2008

Does it matter if your family has no emotional attachment to the family business? I only ask because new research has touched on this very subject and highlighted several interesting issues.

Does it matter if your family has no emotional attachment to the family business? I only ask because new research has touched on this very subject and highlighted several interesting issues.

The study by the Institute for Family Business, "Emotional Ownership - The Critical Pathway Between the Next Generation and the Family Firm", reports that fostering emotional ownership at an early age gives family members a sense of identification and attachment to the family business.

October 3, 2008

Emotional ownership, the attachment that a person feels towards a family business, is stronger in males than in females according to a new report.

Emotional ownership, the attachment that a person feels towards a family business, is stronger in males than in females according to a new report entitled "Emotional Ownership - The Critical Pathway Between the Next Generation and the Family Firm".

Emotional ownership (EO) is strongest between the ages of 31 and 40, when it rises to a mid-life peak. But the report's authors, Åsa Björnberg and Nigel Nicholson, say fostering EO at an early age gives family members a sense of identification and attachment to the family business.

July 1, 2008

Irrigation entrepreneur Edwin J Hunter was already a leading pioneer in his field when he set up Hunter industries with his three children. Now, the Hunters are faced with twin challenges of implementing a family council and getting the next generation on board, as Bruce Love finds out

Irrigation entrepreneur Edwin J Hunter was already a leading pioneer in his field when he set up Hunter industries with his three children. Now, the Hunters are faced with twin challenges of implementing a family council and getting the next generation on board, as Bruce Love finds out

May 2, 2008

Families in Business asked the next generation to tell us their views on the future and how they see themselves and their family. Do you know what the next generation of your family really thinks about you and your business? Read on to find out…

Families in Business asked the next generation to tell us their views on the future and how they see themselves and their family. Do you know what the next generation of your family really thinks about you and your business? Read on to find out…

May 1, 2008

An entirely new breed of family offices is emerging in the 21st century, shaped by a next generation who are introducing new ideas about the role of the organisation. Suzanna de Baca explores how three family business heirs have recreated their family offices

An entirely new breed of family offices is emerging in the 21st century, shaped by a next generation who are introducing new ideas about the role of the organisation. Suzanna de Baca explores how three family business heirs have recreated their family offices

May 1, 2008

Let’s suppose that your goal is for one of your children to take over the family business some day. How do your children feel about this?

Let's suppose that your goal is for one of your children to take over the family business some day. How do your children feel about this? It's a truism that most sons and daughters rarely tell their parents what they're thinking if they don't think they'll like the answer. And in a lot of families, where it is assumed that one sibling or another will one day take the reigns, the succession issue is often met with either abject avoidance or subtle placation. Otherwise, it can lead to furious in-fighting if other siblings feel that their value is being ignored or passed over.

March 12, 2008

Next generation members of some of the world’s most powerful families have been honoured in a list of Young Global Leaders.

Next generation members of some of the world's most powerful families have been honoured in a list of Young Global Leaders. The list, from the World Economic Forum, features 245 leading executives, public figures and intellectuals – all aged 40 or younger – who were chosen from around the world by a committee of international media leaders.

March 2, 2008

Groupe Melkonian began as a repair workshop whose customers included The Rolling Stones. Then Jacques Melkonian discovered underground mining and, second-generation chairman Geneviève Rambaud tells Bertrand Gobin, the family has never looked back

Groupe Melkonian began as a repair workshop whose customers included The Rolling Stones. Then Jacques Melkonian discovered underground mining and, second-generation chairman Geneviève Rambaud tells Bertrand Gobin, the family has never looked back

You won't find its logo displayed along the sides of roads; consumers have never seen its products in shops; and none of its brands are seen in adverts on TV. The least one can say about Groupe Melkonian is that it knows how to be discreet. 

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