John L Ward
55 thoughts in this book draw on John L Ward.
Books & sources
- Perpetuating the Family Business: 50 Lessons Learned from Long-Lasting Successful Families in Business · 55 thoughts
The thoughts
- Legacy of Values The idea of passing on a…
- Our mission is to fulfill our potential as individuals…
- Voluntary Accountability Some of the finest family business leaders…
- When I have asked them what makes them successful…
- (4) Social entrepreneurs see themselves as stewards of the…
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- A typical mission of such leaders is to build…
- Aggressive Gifting As soon as possible, as much as…
- An independent board serves as a regular forum where…
- As part of a system of checks and balances…
- As these examples suggest, families are very inventive about…
- Beginning when Punch was 11, Greenbaum gathered the children…
- But, as his achievements prove, that didn't mean he…
- Continuing a family business is tricky, difficult stuff
- Creative Capital Eventually often by Stage III, but sometimes…
- Even as SCI reached gigantic proportions, employing thousands, its…
- Even so, one member of the team often emerges…
- Eventually, one of the cousins or more typically, one…
- Family meetings encompass as many family members as possible…
- Family Member Development Program This lesson is an important…
- Having a minimum dividend does more than make some…
- In a letter to her nieces and nephews, Raya…
- In addition, she and her mother sit with the…
- In many families, these concerns lead to a program…
- In other words, long-lasting successful business families see their…
- In the press room, one child, whose name was…
- It is also instructive to draw the relative size…
- Large, successful business families commonly have a family council…
- One family became motivated to learn when a son…
- One family, for example, has a very strong belief…
- Other business-owning families turn to the public market to…
- Other families focus on developing confrontational skills, so that…
- Parenting One of the things that we can never…
- Policies Before the Need Wise business-owning families recognize that…
- Principle of Merit From the outset, a family business…
- Respect Managers and Managing An important part of being…
- Smorgon Consolidated Industries had "a place for everyone," including…
- Spirit of Enterprise The wisest business-owning families exemplify what…
- Still another communications area that families give attention to…
- The Continuity Planning Triangle illustrates the unique and complex…
- The head of a family business today must be…
- The mentor sees to it that the new in-law…
- The Owners' Pledge -We pledge to treat one another…
- The practical issue here is that members of a…
- They are active in the world of ideas
- They are driven by missions that force them to…
- They believe they are the creators and developers of…
- They broke the mold or they challenged conventional wisdom…
- They tell the next generation, sometimes in a preamble…
- They understand that the odds of passing on a…
- They want to know such things as
- This amounts to a mandatory retirement policy
- Tradition of Change
- Until then, the siblings had assumed that when they…
- While there are many legitimate reasons for having a…