Listen to the Podcast Below
On today’s show we will be talking to Dr. Dennis Jaffe, a leading architect of the field of family enterprise consulting and an acclaimed speaker and workshop leader in programs for business families and financial service firms. Dennis is a research associate at Wise Counsel Research and leads their 100-Year Family Enterprise Research Program. He is also Family Business Scholar at the Smith Family Business Program at Cornell University, a faculty advisor at the Ultra High Net Worth Institute, and a regular contributor to Forbes Leadership channel reporting on cross-generational family businesses and wealth. His new book is Borrowed from Your Grandchildren: The Evolution of 100-Year Family Enterprises.
During this episode you’ll hear
- The importance of studying long-term family businesses and why they are so special
- His experience in studying 100 large global family businesses that had been together for more than three generations
- What “generative” - value-creating means for these types of family businesses
- What shirtsleeves to shirtsleeves means and how families sell or lose their business, and other negative stories about family business
- How to build innovation into family culture over generations, rather than just feeling comfortable with their considerable wealth
- How did families in his study manage to develop successful leadership and commitment for several generations
- Stories from one of the most memorable families in his study
Jonathan Krueger is an Investment Advisor Representative with Lion Street Advisors, LLC, a Registered Investment Representative and a Registered Representative with Lion Street Advisors, LLC member SIPC. Opinions expressed on this program do not necessarily reflect those of Lion Street Advisors, LLC or LionsGate Advisors. The topics discussed, and opinions given are not intended to address the specific needs of any listener. Neither Lion Street Advisors, LLC nor LionsGate Advisors offer legal or tax advice; listeners are encouraged to discuss their financial needs with the appropriate professional regarding your individual circumstance.
Resources:
Dennis T. Jaffe, Ph.D., has been a leading architect of the field of family enterprise consulting and is an acclaimed speaker and workshop leader in programs for business families and financial service firms. Dennis is a research associate at Wise Counsel Research, and leads their 100-Year Family Enterprise Research Program. He is also Family Business Scholar at the Smith Family Business Program at Cornell University, a faculty advisor at the Ultra High Net Worth Institute, and a regular contributor to Forbes Leadership channel reporting on cross-generational family business and wealth. His new book is Borrowed from Your Grandchildren: The Evolution of 100-Year Family Enterprises.