Tag: family business

How Family Cohesion Helps Family Enterprises Succeed

How Family Cohesion Helps Family Enterprises Succeed

  Studies show that family businesses can capitalise on cohesion between different family members through improved performance and a strengthened legacy, with one EY survey estimating that 35 per cent of the difference between family businesses’ returns on equity can be predicted by the strength of family bonds. However, according […]

Building a Generational Bridge in Africa

Building a Generational Bridge in Africa

Nike Anani did not plan on dedicating her life to the family business segment in Africa. Fate, it would seem, chose for her. Nike is the founder and CEO of Nike Anani Practice, Ltd., in Lagos, Nigeria, where she helps second-generation family business members collaborate with the founding generation in […]

Dealing with Toxic Relationships in the Workplace

Dealing with Toxic Relationships in the Workplace

Throughout our life, we all inevitably meet someone we don’t get along with. In our private life, we can simply avoid these individuals. However, when toxic relationships seep into the workplace, the situation can become detrimental to the business as a whole. The workplace setting magnifies the details of our […]

Photo by Jacob Townsend on Unsplash

Should I Stay or Should I Go?

Episodes of tension between family members are normal and quite common in a family business. However, when stress reaches a certain level, it may be a sign that it’s time to move on. The decision to leave is loaded with emotional baggage, but creating a dialogue that is free of […]