Three Examples of Third-Generation Family Business Failure
Andrew Carnegie is credited with the most infamous and requoted aphorism in family business. "Three generations from shirtsleeves to shirtsleeves" refers to the commonly held belief that in the lifecycle of family business empires,...
Family Business and the Succession Journey
In major league baseball, the greatest players, on average, hit the ball three out of every ten times. That means even the best players have a 70 per cent chance of failing every time...
The Path to a Successful Transition
“Someone's sitting in the shade today because someone planted a tree a long time ago.”
- Warren BuffettAny succession discourse must begin by confronting one sobering statistic: fewer than one in ten family enterprises make...
The Barrow Group: Five Generations of Construction in South Africa
Over the course of its 121-year history, the Barrow Property Group grew from a small carpentry shop into one of South Africa’s leading property management and construction companies. Now in its fifth generation, the...
KNOWLEDGE: Longevity in the Family Business Context
Judy Green, PhD, is president of the Family Firm Institute, an international professional association of individuals and organisations that advise and study multi-generational family enterprises. She is a frequent commentator on topics in the...
