The economic rules of the road, even for non profits, have changed in the New Economy. They demand greater emphasis on efficiencies, reporting, cash flow, and earned income. No longer is it good enough to do good. Non profits must also do well.
In the New Economy, non profits must think differently about how they attract [...]
In my opinion, many succession planning efforts in organizations do not work because they fail to take into account the fact that jobs at the top are simply different from other jobs. For one thing, as jobs near the top they become increasingly ambiguous. It is difficult to describe them in any way that [...]
Who would argue that these aren’t turbulent times? For organizations, turbulent times require innovation, flexibility and resourcefulness. Those who make it through this period and into the long term will be Darwinian – adaptive to a constantly changing environment.
Family-owned businesses are simply different from other businesses. Up to 90% of a family’s net worth can be tied up there. Family businesses also have two primary and often conflicting priorities – (a) the growth and survival of the business and family assets and (b) the maintenance and survival of family relationships. These conflicts often exacerbate when the economy is tough.