Family business insight and interviews from thought leaders in the family-enterprise universe. Presented by award-winning family business consultant Amelia Renkert-Thomas, More at Stake: The Family Business Podcast offers family business owners and advisors alike a repository of deeper, more meaningful information on governance design, interpersonal dynamics, multi-generational business strategy, and more.
Family Meetings: Purpose, Pitfalls, & Practices
Don Opatrny and Keith Michaelson of the Lovins Group join The Family Business Podcast to discuss the role of family meetings in family enterprises and offer some practical ideas for improving your family’s family meetings.
Family meetings play an important role in family business governance. They are an opportunity to grow the capacity of the family to meet challenges together, as a family, and create space to succeed in what the Don and Keith refer to as, “the task of family.”
We will explore ways of creating effective family meetings; how family meetings fit into overall governance; and how effective family meetings can make all other meetings attended by family members, including ownership and management meetings, go more smoothly.
Enterprise Capital as a Competitive Advantage: An Interview with David Worth
In this episode, David Worth sat down with Engaged Ownership associate, Nathaniel Squires, to discuss how his family’s enterprise, Worth Industries, has turned a simple strategic concept into a robust form of Enterprise Capital.
David is Chair and former CEO of Worth Industries, and Executive Director and our colleague at The Family Enterprise Center of the University of North Carolina, Chapel Hill.
New to the podcast? Be sure to check out our last episode, “5 Steps to Enterprise Capital” for a primer on the subject of Enterprise Capital and how it can become a driving force for innovation and resilience in your family business.
5 Steps to Enterprise Capital
Human Capital is essential to a family business. But Human Capital can also be fragile. How do you ensure that the essential know-how that makes your business uniquely successful gets carried on? How do you scale your competitive advantage? How do you protect your most important capital? You make it into Enterprise Capital.
What is Enterprise Capital? Enterprise Capital is all the unique know-how embodied within a business that allows a product to be made or a service to be delivered better than the competition can do it. It is the coming together of Human and Financial Capital to solve a problem. Enterprise Capital can take almost any form: machines, systems, know-how, algorithms, techniques, patents, processes.
The key is to identify your most important capital and then institutionalize it; transform it from an individual unit of capital to capital that can be replicated, redeployed, and repurposed to strengthen competitive advantage and to create new opportunities. In this episode, you will learn a 5-step process for transforming your most important capital into Enterprise Capital.
Human Capital and Collaboration: An Interview with Jane Sommers-Kelly
Trust | Listen | Respect
In this episode, Executive Leadership Coach Jane Sommers-Kelly speaks on her three-element approach to improving collaboration and tapping into Human Capital in teams and businesses: Trust, Listen, and Respect. You and your team can use this deceptively simple concept to tackle big questions, leverage untapped Human Capital, foster collaboration, and find solutions when solutions are hard to come by. Listen in to learn more.
You can learn more about Jane's work at www.JSKLeadership.com.
You can find all our articles, interviews, and resources on www.EngagedOwnership.com.
Don Opatrny and Keith Michaelson on Managing the Experience of Guilt
Don Opatrny and Keith Michaelson of the Lovins Group join The Family Business Podcast to talk about how COVID-19 is presenting new and difficult ways guilt can manifest itself in our lives.
In this interview, Keith and Don share how family business leaders are coping when feeling overwhelmed and guilty from challenges they face or decisions they may have to make.
Listen in to learn more about how you might deal with these challenges.
The Lovins Group works with enterprising families to maintain healthy relationships and minimize risks as they move through generational transitions. The Lovins Group helps these families to formulate a shared purpose and design structures and processes for organization and governance that support progress toward their goals.
Core Capital in the Time of Covid | Part I
Around the world, family businesses are reacting and adapting to the challenges presented by COVID-19. In our work at Engaged Ownership and Renkert Thomas Consulting, we have found enterprising families to be uniquely adept at navigating such crises.
How do they do it? By finding new ways to tap into their Human Capital.
Listen in to learn more about how you can tap into your Human Capital and hear some examples of how businesses are utilizing Human Capital to address their changing needs, constraints, and opportunities.
More resources can be found on www.EngagedOwnership.com.