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A recent study of supply chain activities indicated that as much as 80% of total supply chain costs are determined by the network in place and not by the decisions the supply chain team makes on a daily basis within that network. The cause can be attributed to infrastructure, which significantly...
Over the years, I’ve witnessed many effective advisory boards and also some that failed dismally. I’ve identified 3 big mistakes that can make your advisory board unproductive and potentially detrimental. Fortunately, all three areas under your control so knowing what to...
Family run businesses may have the hardest time executing a turnaround after the recent market turmoil. This is the result of limited skills in terms of fresh management that can affect change. The author make this argument, lays out the challenges and then suggests ways these family owned...
The Academy of International Business, an association of scholars and specialists in the field of international business, has more than 3,200 members in 80 countries around the world. AIB members include scholars from the leading global academic institutions, consultants, researchers, government...
Family businesses can go about attracting outside executives to join the family business. They need to be willing to open up high level positions to outsiders if they want to bring in high-level talent that isn't from within the family.
When second- and third-generation managers take over the family business, they often face more complex issues than their parents once did. New programs offer classes in succession planning and communication.Columbia Business School in 2012 brought in an executive-in-residence and added a...
