Thursday, November 24, 2011

Leadership and Learning

To build a Family Business Legacy requires the training and development of the next generation.

In a MassMutual survey of family businesses they found that 55% of CEO’s over 61 years of age did not have a successor selected and 30% of family owned companies are expected to change leadership within 5 years.

"Leadership and learning are indispensable to each other."

John F. Kennedy

How are you developing the next generation of leadership in your family business?

Let us know what you have found successful and how you are preparing the next generation.

Monday, November 14, 2011


“Whoever is careless with the truth in small matters cannot be trusted with important matters.”
Albert Einstein

Truth and trust are critical in the family and the family business.

Wednesday, November 2, 2011

Trust - The Beginning of Everything in a Family Business

The Network of Family Businesses has scheduled a virtual educational seminar with William Alexander to discuss Trust – The Beginning of Everything in a Family Business. The seminar is scheduled for Tuesday, November 15th at 11:00 AM EST.

In a White Paper found at Bill states that nothing can be successfully accomplished without the presence of one key ingredient – TRUST! Yet many families choose to move forward with their business and family governance without taking the time to insure trust is present in the family business system. Bill defines four trust building actions to establish trust within the family business system. In his upcoming seminar Bill will define trust and how to understand and implement the building blocks.

Bill is a member of the faculty of the Wharton School of the University of Pennsylvania, where he lectures on the topic "Strategies and Practices of Family Controlled Corporations". He was a third-generation principal and CEO of a large construction entity in central Pennsylvania.

In addition, he has served on various boards, including Herr Foods, Hershey Foods Corporation, where he was also chairman of the Hershey Trust, and Highmark Blue Shield. He was formerly the managing director of the Snider Entrepreneurial Research Center at Wharton.

Mr. Alexander holds an undergraduate degree in engineering from the U.S. Military Academy at West Point and an MBA from the University of Pittsburgh.

We at The Network of Family Businesses are excited to have Bill presenting on this critical topic.

Register to join The Network of Family Businesses and be eligible for the On-Line Educational Seminar at: