Good Fortune: Building a Hundred Year Family Enterprise
Overview
In his latest research study, Dennis Jaffe and research contributors from Family Business Network, Family Office Exchange, and Stetson University’s Family Enterprise Center interviewed 38 families that have managed to overcome the adage “shirtsleeves to shirtsleeves in three generations.”
The report discusses the generational stages in the development of the family enterprise and includes 19 vignettes of family member reflections on the actions taken to achieve long-term success.
Qualities of a 100-Year Family Enterprise:
- Shared Purpose and Values: Not Just About the Money
- Family Community Across Generations
- Professionally Manage Business and Financial Activities
- Continual Adaptation and Resiliency
- Free Choice to Remain Partners
- Active Development of Human Capital
- Commitment to Give Back to the Community