conflict resolution in family business Archives - Page 3 of 9 - David Werdiger
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conflict resolution in family business Archives - Page 3 of 9 - David Werdiger

Talking about wealth by David Werdiger

Talking About Wealth; Navigating Communication with Heirs

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Most people with wealth to pass on have never talked to their heirs about how they plan to distribute their assets after they die because they consider the information too personal, according to a recent survey. In six out of 10 families, there is no process in place to ensure family wealth decisions are made and communicated effectively (from another survey). This is actually no surprise, because these sorts of discussions are among the most…

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Family Vision, Dubai

Family Vision; Founding Fathers, Rising Generations

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I’ve recently returned from a speaking engagement at a conference in Dubai, which was my first visit there. As I walked around the city and particularly the mall, I pictured “founding father” Sheikh Al Maktoum just a few decades earlier looking out on a desert, and imaging a future that few others could imagine. Creating modern Dubai took a huge amount of money and some outstanding engineering, but the most important ingredient was … vision….

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IS SKIing a Succession Strategy

Is Spending Your Kids Inheritance ‘SKIing’ a Succession Strategy?

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Whether you choose to spend your kids inheritance, gift assets or you prefer to hold money back for the kids, managing what you leave behind can be done a few different ways. There is no right way, and there should be no pressure to choose one direction or another. Your life, your money! Mass media will always jump on stories that seek to challenge and debunk commonly accepted narratives. CNBC is running a story suggesting…

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millenial impact research

Generational Labels, Stereotypes and Theory

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The millenial impact research has illuminated a much more caring generation than generally believed, one that is complex in their depth of passion toward causes. http://www.themillennialimpact.com/about The ongoing debate about ‘generation wars’ will never stop, but here’s an interesting take on this from Slate Magazine, which claims that research on generations is flawed. Statements like “baby boomers are selfish” and “millennials are narcissists” abound, but where is the science to support this, it asks. While…

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My Successful Father Intimidates Me by David Werdiger

My Successful Father Intimidates Me

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Consider This: In high-net worth families, how large do patriarchal figures loom? Do the second generation feel the challenge of achieving more than their fathers insurmountable (I certainly felt that way)? What can both generations do to mitigate those negative feelings? Now, here is some real research on generational difference. According to a study by Oxford University academics, men who surpass their parents’ qualifications report lower levels of psychological stress, while those who do worse…

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social media generations by David Werdiger

Social Media Generations – Baby Boomers vs Millennials

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I stumbled across a wonderful article that deals with the intersection of two of my favourite topics: intergenerational issues and the impact of social media on society. It analyses the starkly different ways that Facebook is used by Baby Boomers, as opposed to Millenials. It comes from a web site called The Cheat Sheet, which is “dedicated to providing audiences the information they want in an approachable, entertaining way”. But looking at the content and the…

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Is Your Business Sale-Ready? by David Werdiger; Family Wealth Report - Wealth Briefing

How Sale-Ready Is Your Business? Three Essential Steps

By | Articles, Clearview Financial Media, Familosophy, Featured Posts, In The News, LinkedIn | No Comments

For a business founder, their ”investment” in the business is multi-dimensional: financial and emotional. Selling the business isn’t just an event, it’s a journey. So argues the author of this article, an author, advisor and figure in the wealth management industry. There is a lot of commentary at the moment about business owners selling and transferring what they have built. It is an emotional and challenging process and the field is littered with stories of…

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OK Boomer, Generation Wars, Next Gen, Succession, Caonflict Resolution, E-Myth, Ageism

Age Discrimination Is Bad — for the Bottom Line – OK Boomer!

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Ageism is the basis for much of today’s social justice activism: Older people are seen as the champions of outdated paternalistic and bigoted notions. ( “OK boomer!”) Have the Baby Boomers ruined the US economy (and the world) for the Millenials? That’s what Bruce Gibney asserts in his book A Generation of Sociopaths: How the Baby Boomers Betrayed America. Gibney lays blame on the Boomers that have; 1) controlled Congress for decades for the huge…

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3rd generation family business

Life Expectancy in 3rd and 4th Generation Businesses

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Andrew Carnegie is credited with the most infamous and requoted aphorism in family business. “Three generations from shirtsleeves to shirtsleeves” refers to the commonly held belief that in the lifecycle of family business empires, the third generation is where it all goes wrong. Increasing life expectancies have meant that for the first time in history, four generations are alive at the same time. This has important implications for the timing of the transition of family…

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Apples and Trees; An Intergenerational Family Relations Presentation by David Werdiger

Apples and Trees; An Intergenerational Family Relations Presentation

By | Articles, Events, Featured Posts, In The News, LinkedIn, Speaking | No Comments

I am speaking about “Apples & Trees” An intergenerational family relations presentation, at Dubai 2020 Edition – The Prestel & Partner Family Office Forum Collection. Would you like to attend? https://www.linkedin.com/events/dubai2020edition-theprestel-partnerfamilyofficefor/ The Palace Downtown Dubai, Downtown Dubai, Dubai, AE March 3, 2020, 9:00 AM – March 4, 2020, 5:30 PM To book David for your event, send inquiry here: https://davidwerdiger.com/request-for-speaking/ For additional in-depth, thought-provoking discussion points and commentary on family and business, sign-up to gain…

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