Showing posts with label business plans. Show all posts
Showing posts with label business plans. Show all posts

Wednesday, February 29, 2012

The Importance of Governance in a Family Business

 CONTINUITY
FAMILY BUSINESS CONSULTING 
US/CANADA: 877-925-5149 INTERNATIONAL: 1-978-925-5149
ContinuityFBC.com
 
The importance of governance, no matter how small the company, cannot be overstated.  

Formal boards, executive committees, and advisory boards develop and articulate policy, objectives and strategy.  They provide strategic guidance and are the most effective vehicle for resolving businessrelated conflict between managers, owners and other family members.  

Developing effective governance for a family business involves appropriate procedure (attending to the right priorities, operating by the right rules) and good structure (selection of the right people and roles).

Early stage family businesses may be struggling to develop good governance practices and may be wary of creating formal boards or engaging independent board members.  Helping these stakeholders understand and practice good governance as a first step towards board development can be enormously helpful especially as part of a succession planning process.  

Creating a first board, while retaining control, is a big step for many founders of family businesses and one which benefits greatly from independent advice. 

For more information on Governance and Board Development, visit ContinuityFBC.com.

Tuesday, February 7, 2012

Blair Trippe, Expert Negotiator, Mediator & Family Business Consultant


CONTINUITY
FAMILY BUSINESS CONSULTING 
US/CANADA: 877-925-5149 INTERNATIONAL: 1-978-925-5149
CONTINUITYFBC.COM 

As we’ve mention in previous posts, the Continuity Family Business Consulting Team has credentials from top schools and professional societies with extensive, relevant and practice experience in the real world. 

Blair Trippe, a Partner at Continuity FBC, brings a highly specialized approach to the understanding of family systems and the relationship challenges encountered when families work and own together. Her expertise as a negotiator, mediator and family business consultant is grounded in the study of strategic management and conflict resolution methodologies. 

In addition to Blair’s experience with Continuity clients, she was also an in-law of a multi-generational family managing a 7,500-acre farm, a Marketing Specialist at Prudential Bache Securities and The Marketing Manager, Director of New Product Development and Director of Industry Affairs at a start-up firm in the medical device industry. 

Blair co-authored the book, “Mom Always Likes You Best – A Guide to Resolving Family Feuds, Inheritance Battles & Eldercare Crises.” The practical guidebook helps family members become better decision-makers, mindful negotiators and more effective communicators. 

Her leadership in the Mediation field helped create a new specialty through the development of “Elder Decisions” – a division of Agreement Resources, LLC, a consulting firm she co-founded. Agreement Resources provides conflict resolution, mediation and training services to families and a variety of organizations, and is an approved services provider to probate courts in several counties of Massachusetts.


As a workshop facilitator and trainer, Blair has conducted sessions for the EPA, The Harvard Program on Negotiation at Harvard Law School, Judge’s Institute, American Bar Association, National Association of Geriatric Care Managers, Alzheimer’s Association, the Northeastern University Center for Family Business, Massachusetts Collaborative Law Council, Northeast Human Resource Association, Dartmouth Hitchcock Conference on Alzheimer’s Disease, Just a Start House, and the Family Firm Institute, among others.

Blair received her MBA from the Kellogg School of Management, with a concentration in marketing and finance, and a BA in psychology from Connecticut College. Her memberships and certifications include: 

Professional Certifications:
  • Program on Negotiation (negotiation and dispute resolution, mediation and participatory process) – Harvard Law School
  • Certificate in Family Business Advising – Family Firm Institute
  • The Center for Dispute Resolution (negotiation and teamwork teaching) – Northwestern University
  • The Center for Social Gerontology (elder mediation) – Ann Arbor, MI
  • Mediation Works, Inc. (executive and advanced mediation; negotiation skills)
Memberships:
  • Association for Conflict Resolution/New England (former board member and chair of the education committee)
  • Massachusetts Council on Family Mediation
  • International Ombuds Association
  • Family Firm Institute
Community Leadership:
  • Trustee – The DeCordova Museum and Sculpture Park, Lincoln, MA – 1998 – 2011
For more information on Blair Trippe and Continuity Family Business Consulting, visit ContinuityFBC.com.