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responsibility

November 21, 2019

Succession by virtue of birth and family dynamics is a phenomenon that occurs quite frequently. We see it on the news or because it is happening in the organisation we work for, or simply because it’s happening in our family owned business. The successor is handed over the reins of the business, but can he or she run the business? What are the factors that determine the success of the succession? Can this be left to chance or “It runs in the blood” factor?

Succession by virtue of birth and family dynamics is a phenomenon that occurs quite frequently. We see it on the news or because it is happening in the organisation we work for, or simply because it’s happening in our family owned business. The successor is handed over the reins of the business, but can he or she run the business? What are the factors that determine the success of the succession? Can this be left to chance or “It runs in the blood” factor?

It’s time for millennials to take up the mantle

January 21, 2013

The most telling moment when Lance Armstrong gave his mea (sort of) culpa to Oprah Winfrey was his claim that he’d looked up the word “cheat” in the dictionary, saw that it said “to gain an advantage on a rival” and decided that it didn’t apply to him.

The most telling moment when Lance Armstrong gave his mea (sort of) culpa to Oprah Winfrey was his claim that he’d looked up the word “cheat” in the dictionary, saw that it said “to gain an advantage on a rival” and decided that it didn’t apply to him.

Everybody was blasted to the eyeballs on EPO, ergo he was just keeping up. It’s reminiscent of the philosophy of Hugh Laurie’s Doctor Gregory House, whose catchphrase is the self-serving: “Everyone lies.”

June 1, 2003

A family may fear that their children will use up their inheritance. The best insurance that the money is used wisely is to take steps to make sure that each heir develops passion, values and responsibility so they can lead a fulfilled adulthood and continue the wealth into future generations

Dennis T Jaffe, PhD is professor at Saybrook Graduate School in San Francisco, author of Working With The Ones You Love and a founding member of the Aspen Family Business Group.

A family may fear that their children will use up their inheritance. The best insurance that the money is used wisely is to take steps to make sure that each heir develops passion, values and responsibility so they can lead a fulfilled adulthood and continue the wealth into future generations

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