With the recent departure of their senior coach, it has been revealed that former Fremantle coach Ross Lyon is a “front and centre” contender for the top role at the Yeshivah Centre. Following years of club turmoil and poor performance, the Yeshivah Centre engaged KPMG to undertake a comprehensive review of operations, and in an unusual move also requested a forensic examination of the club’s game plan over the last forty years. As one director…
David writes about the nature of Jewish belief in God and human leaders, drawing on biblical sources [Times of Israel]
During the month of Elul, our minds turn to Rosh Hashanah, and we reflect on the year which is drawing to a close. We have many different units for measuring time – seconds, minutes, hours, days, months and years – and each serves a different purpose. To paraphrase Marc Levy, if you think a hundredth of a second is a short amount of time, ask the person who won the Olympic silver medal in the…
As the restructure process at Yeshivah Centre inches forward, and we draw closer to elections, the big question is: who will nominate to hold board positions on the new legal entities that will operate the school, shule, and other business units of the Centre? Three new legal entities will require over twenty people to put their hands up. There are a few challenges in taking the leap from where we are now to where we need to be. 1. Despite…
To say it’s been a difficult year for our community would be a gross understatement. The Royal Commission case study exposed us to the world, warts and all. The evidence from victims and their family members confronted us with their pain and suffering. The fallout has ripped our community apart, and opened up the deep rifts that lay festering beneath the surface for years. As we stand at the end of the Jewish year, we can look…
David Werdiger discusses the Jewish theological basis for accountability in community organisations, which starts from the great leader Moses himself [eJewishPhilanthropy]
AFL fans have looked on in amazement as expansion team the Gold Coast Suns have, in only their third year of competition, broken through and are winning games at a startling rate for such a young team. The media has all but exhausted the clichéd headlines. In the meantime, Greater Western Sydney are in their second year and certainly expectations have now been adjusted for when they too will finally break through. Fortunately, offsetting these…
(with thanks to Jeff) There are important changes to power happening at Yeshivah Shul. For a few days now, it has been running on partial power while they upgrade the switchboard. In shul this Shabbos the lights were not all working, electric clocks were flashing with the wrong time, and there was only air conditioning in one room. Outside, there lay parts of an old switchboard that looks like it should have been replaced years…
Some Australian Rabbis have been in the news a fair bit lately – and unfortunately for all the wrong reasons (although it must be said that popular media sources are hardly chasing puff pieces featuring Rabbis, unlike lehavdil Khalid Mishal). Whether it’s the role they have played in dealing with sexual abuse, or the descent into farce in a couple of current beis din cases, the common denominator is the erosion in the authority of and respect…
The end of the chagim usually means one thing – a slide into that inexorable gap between the football season and the cricket season, known affectionately as the spring racing carnival. For those who are counting the sleeps until round 1, 2013, there is the trade period, punctuated this year by the introduction of free agency, and the Melbourne Hebrew Congregation (MHC) AFL post grand-final corporate lunch, featuring guest speaker Andrew Demetriou, CEO of the AFL. Demetriou’s job ranks quite…
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![Common Challenges in Family Business
Studying failure is far better than studying success because it's easier to avoid doing the wrong things than mimic the good that other are doing. Here are some of the ways things can go awry:
Families and businesses don’t grow at the same rate. From the third (and sometimes second) generation onwards, the family often grows faster than the business. What happens if many family members look to the business for employment or supplementary income?
Many owners maintain control by appointing only family members or close friends to their boards. This lead to the common problem of familiarity - where personal issues seep into the business, and where friends and family may tell the owner(s) what they want to hear instead of what they need to hear.
Policies regarding in-laws are a huge challenge and families tend to have polarizing views as to whether they are in favour or totally against. Whatever the policy, it's important to welcome and evaluate in-law children as a spouse, not as an employee. It can be very difficult to remain business partners following a divorce - the worst-case scenario is that it the business needs to be sold to split the proceeds.
A recent study found that more than half of family businesses lack a succession plan. In too many family businesses, succession discussions are forced in that parents not wanting to inflame sibling rivalries leave it to the last possible moment to work through. A crisis, such as a major illness, is often the catalyst for a discussion that is by then often too late.
[reprinted with permission] full article repost
Actionable Generational Wealth Succession
For more in-depth, thought-provoking discussion points and further commentary on family and business conflict resolution, access my Familosophy newsletter archives: www.transitionbook.co/member-area/
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