june 19, 2023
How can family businesses achieve generational continuity? Although there isn’t a magic formula that can preserve family relationships and ensure business longevity, planning for the five Cs can increase the likelihood of success. Dave Specht sat down with Baker Tilly’s Gary Plaster to discuss generational continuity and the five Cs framework. Learn about it here.
january 9, 2023
Your next career might not be with a large publicly traded company, but with a family-owned business. In this blog post, Dave Specht explained why you should consider working for a family business. He offered advice on how to find a job in a family business that is meaningful to you – especially since some of the best job opportunities are not publicly posted.
december 16, 2022
Family dairies that reflect upon their current status and future plans regarding cash, contingency, compensation, communication and conflict will be in a stronger position to succeed today and for future generations. Learn about the five Cs of generational continuity in family dairy here.
december 13, 2022
Why do recent trends show that many kids raised in affluence don’t reach their full potential? Perhaps in our quest to give kids everything, we aren’t providing some important life lessons. Larry J. Rybka (Valmark Financial Group) and Dave Specht discussed this idea and highlighted six strategies that parents can use in order to “raise children with batteries included.” Watch the first and second part of the interview.
december 7, 2022
For years, it’s been said that “the key to business continuity is a shared dream.” Or is it? In this article, James E. “Jay” Hughes, Jr. and Dave Specht explored this notion by identifying the stages of a dream and the five types of people we interact with when discussing our dreams.
November 16, 2022
It takes courage to start a tough conversation with family members about the business or other sensitive topics. Listen to a panel discussion hosted by Union Bank featuring Dave Specht about how to successfully facilitate difficult family discussions.
october 26, 2022
It goes without saying that business succession planning is a challenging process. In this webinar hosted by Atlantic Union Bank, Grey Merryman and Dave Specht talked about the five Cs of business succession planning to help you preserve your family relationships and perpetuate your business.
There isn’t a magic recipe that guarantees the preservation of your family relationships and the perpetuation of your business. However, there are five key items that will enhance the likelihood of family business continuity. Find out what they are here.
May 24, 2022
For many agribusiness owners, there comes a time when they must prepare for generational succession. Ultimately, success in succession planning is achieved when family relationships are maintained and there is business continuity across generations. Learn more about the keys to preserving families and perpetuating farms and ranches here.
march 16, 2022
In addition to fostering corporate purpose, family firms must also cultivate purpose among family members that are a part of the family business. In this article, Kendall Cotton Bronk summarized The Family Purpose Project, a recent multinational study that explored the role of family purpose in well-established family enterprises. She discusses the importance of family purpose in helping families reach their business goals and serve the public good.
December 16, 2021
For people who are both parents and business owners, maintaining a work-life balance can be a complicated challenge. Take a minute out of your day to consider these four guidelines for leading a more balanced life. Give it a try here.
December 1, 2021
What are the three Cs of succession planning? Dave Specht explains the importance of the three Cs for achieving a successful family business transition. Read more here.
October 14, 2021
Drucker School alumnus Peter S. Sealey and his wife Elizabeth donate $1 Million to the Drucker School’s Global Family Business Institute. Their gift will establish the annual Dr. Peter S. Sealey, PhD Award in Family Business to recognize the exemplary contributions to business or society by a family business or a family business leader. Learn more here.
May 5, 2021
David Specht is the next director of the Drucker School Global Family Business Institute. Specht previously developed the Family Dynamics offering at Wells Fargo Private Bank; founded a consulting firm for multi-generational family companies; and served on the faculty at the University of Nebraska, where he established their family business program. Read more here.
“Questions CEOs Are Asking of Their Own Leadership.” Effective Executive. December 2022.
“Five Sisters and Two Executors: A Case Study.” FFI Practitioner. January 19, 2021.
View our Managing the Family Business series, where we ask family business leaders questions about their experience in and takeaways from working in the family business.
Yosuke Honjo, President and CEO of Ito En North America Inc.