Description
What is a Best Practice, or a Shared Purpose, and what is the difference between the so-called Hard Stuff and Soft Stuff?
Should a family business use Silo Governance or rely on Trusted Advisers, and who are the Inconvenient Generation?
These terms are regularly used in the family business world, but what do they mean? The clear use of language is important, but there is also room for a little satire and an Alternative Family Business Dictionary that doesn’t take definitions too seriously.
Ken McCracken is a family business consultant and teacher who has worked with family enterprises in various parts of the world. His work includes:
– Succession planning for family businesses and family offices.
– Creating effective governance for these enterprises.
– Helping clients implement their succession and governance plans, including serving on various family and owners’ councils.
– Education and training for enterprising families and for their advisers.
He is a Fellow of the Family Firm Institute (FFI), and author and teacher of family business education programmes for the Society of Trusts and Estate Practitioners (STEP).
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