Top US family firm speak about success and survival at annual Family Business Conference.
Strong family governance, honest communication and planning enable generational survival in family business, according to Mr Paul Darley, President and CEO of a global, US based fourth generation firm.
W.S Darley & Co. supplies equipment to fire, emergency and defence services worldwide. Paul and his daughter, Audrey Darley, spoke of the company’s successes and tribulations to the 150 attendees at the CFB Annual Family Business Conference on Wednesday. Read more here.
CFB Director speaks at Post Davos Conference in Stockholm.
Dr Eric Clinton, DCU Business School Lecturer in Entrepreneurship and Director of the DCU Centre for Family Business recently spoke at the Post Davos Nordic Summit 2017. This was the seventh annual Summit held in Stockholm, in association with the World Economic Forum, and was attended by around 150 Chairmen and Chief Executives from the region’s leading companies along with entrepreneurs, academics and expert commentators from around the world. Read more here.
February E-zine - Preparing Next Generation for Succession.
In this newsletter we look at the topic Preparing Next Generation for Succession. This e-zine features the Darleys of W.S Darley & Co., a fourth generation US based family business that supplies to fire and emergency services worldwide; PwC gives ten steps to effective succession planning; and William Fry explain the requirements of Irish companies under the Beneficial Ownership Register. Please read full ezine HERE.
Leading US based family business to address CFB Conference this March.
DCU Centre for Family Business will hold their 2017 Conference "The 'S' word: Navigating Succession in Family Business" on Wednesday 1st March at 8am in the Helix, beside DCU. Read more here.
November E-zine - Women in Family business and Leadership.
In this newsletter we look at the topic Women in Family Business and Leadership. This e-zine features Ms. Vicki O'Toole, managing director of family business JJ O'Toole Ltd.; Prof. Maura McAdam who explains why a diverse workplace is good for your family business; and PwC delivers the findings of their latest family business survey. Please read full ezine HERE.
CFB team awarded research funding from UK family business organisation.
DCU Centre for Family Business has been awarded research funding from the Institute for Family Business, the UK's family business organisation. A team of researchers within the CFB will use the funding to investigate long term orientation in the context of UK family and non-family enterprises. Read more here.
Experts discuss succession planning at AIB event.
Engaging next generation, being prepared and investing in people were the key messages from AIB's recent Succession Planning event in Wexford. DCU Centre for Family Business drector, Dr. Eric Clinton spoke of the stages to preparing the next generation for business management, using examples from Irish and global family businesses. Read more here.
Family businesses must bridge the strategy gap says PwC global survey
Bridging the gap between short-term and long-term strategy was one of the key insights emerging from the PwC 2016 Global Family Business Survey which was launched this week. Read more here.
Successful female CEO encourages women in family business to be confident
Be confident but don't be afraid to show humility was one of Ms. Vicki O'Toole's main messages to women in family business at the CFB's latest event. Vicki is CEO of JJ. O'Toole's, Ireland's leading packaging supplier which is 102 year old family business based in Limerick. Read more here.
US top consultant talks talent nurturing in family business
A leading US expert in human resources management, Amy Schuman, encourages family businesses to consider HR as a strategic partner. Read more here.
Top US expert to address family business leaders
A leading US expert in human resources management is the keynote speaker at the upcoming Centre for Family Business workshop taking place at William Fry, Dublin on September 27th.
Amy M Schuman, a lead consultant at the Chicago based Family Business Consulting Group will attend the first in a series of three Centre for Family Business Autumn workshops.
Read more here.
CFB team receive Runner-up Best Paper at IAM conference
A team of scholars from the CFB was awarded Runner-up in the Best Paper Award at the recent Irish Academy of Management Conference. Ireland's leading management conference played host to over 120 papers across finance, HRM, CSR, entrepreneurship, marketing and more. Read more here.
August E-zine - The role of Non-Family CEO and board members in Family business
In our August newsletter we talk to Donnelly's - third generation large family business from North County Dublin, we speak with Maura McAdam who is the new family business and management professor with the Centre. We also share our events calendar for the autumn 2016 and many other interesting articles and news.
Read full newsletter here.
CFB Scholar Vanessa Diaz earns PhD
CFB member, Vanessa Diaz has earned her doctorate following the successful defence of her PhD thesis this week. Dr Diaz defended her thesis entitled “Long-Term Orientation in Multi-Generational Family Firms: A Multiple Case Study Analysis”. Read more here.
Working with Family Talent Roadshow hits Dublin and Cork
The next generation of family members must be ghost busters according to established entrepreneur and founder of the Great Northern Distillery, John Teeling. “You have ghosts and you have legacies in family business. You need ghost busters in the next generation.” Read more....
DCU CFB report recommends to start succession planning as early as possible
The report on Family Business in Fingal was commissioned by Fingal County Council and launched 18th May in the Fingal County Council Chamber at County Hall, Swords, by one of the world’s leading experts on family-run businesses, Dr Justin Craig. The report provides a snapshot of 12 multi-generational family businesses in Fingal with family involvement ranging from second to fourth generation. Between them they employ over 3,500 and have turnovers ranging from €1.5 million to in excess of €100m per annum. Read more...
Please download full report here.
Family Business better equipped to survive downturns
Family-owned businesses are the "social and economic backbone of all communities across the world", including Ireland, according to Dr Justin Craig, inset, Professor of Family Enterprises and Co-Director of the Family Enterprises Centre in the Kellogg School of Management, at Northwestern University, in the US. He is among the key note speakers at this morning's launch of a report by Fingal Co Council and Dublin City University's Centre for Family Business entitled 'Lessons in Resilience and Success: A Snapshot of Multigenerational Family Businesses'. Read more...
April E-zine-How to attract and retain talent for your family business
Our April E-zine covers the important topic of attracting and retaining talent for your family business.
We speak with Tomás Horgan, Managing Director of Waterford’s largest transport business, Dungarvan Transport Ltd., which is second generation family owned and run; Dr.Melrona Kirrane explains the importance of talent management for your family business; PhD scholar, Catherine Faherty talks about trust among those in a family business; William Fry discuss the new forms of limited company; PwC summarises its recently published reports on Next Generation family members and Private Companies; and photos, events and slides of the recently hosted CFB conference are shared.
Read full e-zine here.
Keeping a business in the family can be tricky
By Colin Gleeson, Irish Times 15th April 2016
You can choose your friends, but you can’t choose your family.The same might be said for your business partners, but many people nonetheless choose to tie their professional and family lives together, bringing with it inevitable ups and downs.
But the Irish family business remains a dynamic and resilient sector, with a 2014 PricewaterhouseCoopers survey saying it provided more than 50 per cent of the State’s GDP and employment. It is undoubtedly a unique business model that brings with it specific challenges and obstacles. Dr Eric Clinton, director of DCU’s Family Business Centre, says conflict can arise when family values that are “emotionally driven” clash with the business values that are “rationally driven”.
Read full article HERE.
Culture and planning key to success says millionaire US family business leader
Developing a company culture and strategic planning were identified as critical elements for growth and success by a millionaire US family business leader at the DCU Centre for Family Business Conference (Tuesday, April 12th).
“We reviewed our history and our values- we were determined to change what we were doing, but not who we were. The effort to institute strategic planning forced us to examine who we were,” said Jim Ethier, keynote speaker and former Chairman and CEO of Bush Brothers & Co, the largest brand of bean products in the United States.
Read more here.
CFB webinar on attracting and retaining non-family involvement
The CFB hosted its first webinar entitled Talent in the Family Business: The Role of Non-Family Members. Director of CFB, Dr. Eric Clinton led the interactive session and touched off important areas such as managing talent in the family business, creating a supportive non-family environment and appointing a non-family CEO or director.
Read more here.
Family Business Newsletter I January 2016
In this issue, we talk with Mike and Jack Bennett of Bennett Hospitality, USA. PwC explains how to make the most of the 'Family Factor'. CFB'Philip O'Donnell gives an insight of the 'When' and the 'How' of getting non family involved in your family business. We also share our Events Calendar 2016.
Please read more HERE.
CFB paper accepted at leading conference
A paper from the DCU Centre for Family Business research team has been accepted for presentation at the prestigious Babson College Entrepreneurship Research Conference. Read more here.
CFB: A Year in Pictures and Numbers
Read our CFB Review for 2015. We recount the many achievements, research developments and events that have taken place throughout the year. Find it here.
CFB director talks family business entrepreneurship at global event
Director of the DCU Centre for Family Business, Dr. Eric Clinton delivered a keynote address at Latin America’s leading entrepreneurship festival, INCmty 2015. Read more here.
October Ezine-Next Generation Involvement
In this issue, we talk with Brian, Barry and Tara Flanagan, second generation members of family-run hospitality group, The Flanagan Group. PwC reviews the recently published Finance Bill 2015 and Budget 2016 with regard to the interests of family firms and, particularly, those of next generation members. What motivates your commitment to your family business?The CFB's Philip O'Donnell explains more. Please find our October Ezine on next generation involvement here.
CFB host next generation seminar on handling difficult conversations
Handling difficult conversations in multi-generational family firms was central to CFB’s latest family business seminar for next generation members. Professor Justin Craig from Northwestern University, Chicago, spoke about the changing roles within family business that can lead to challenges and misunderstandings. Read more here.
CFB Team awarded at leading Irish management conference
Ms. Vanessa Diaz, Dr. Eric Clinton and Ms. Catherine Faherty won the Best Track Paper Award at the recently held, Irish Academy of Management Conference in NUI Galway. Read more here.
August Ezine-Communications in Family Business
Please find our August Ezine on Communications in Family Business here.
In this issue, Jonathan Hackett of Botany Weaving Mills speaks to us about the family communication dynamic of his second generation firm. Justin B. Craig (Ph.D.) advises on the management of family business communications and the CFB explains the means of formal communication used to strengthen both the family and the business.
CFB Scholar to present family business paper at leading conference
PhD Scholar of DCU Centre for Family Business, Vanessa Diaz will present at The Academy of Management Annual Meeting, the premier conference for scholarly management and organisation. Ms Diaz is a co-author on the paper entitled Innovation Capability in Family Firms: An Integration Approach. Read more here.
CFB Scholars Present at Leading Entrepreneurship Conference
The DCU CFB's Vanessa Diaz and Catherine Faherty were 2 of 25 doctoral students worldwide to attend and present at a prestigious international conference and consortium last week. Unusually, both Ms Diaz and Ms Faherty, two scholars from the same university, were chosen to present at the conference. Read more here.
Family Businesses Nationwide Convene for CFB All Ireland Roadshow
Over 200 people nationwide attended the DCU Centre for Family Business Roadshow hosted by renowned academic, Professor Ken Moores. Family businesses in Dublin, Cork, Limerick and Galway turned out for the “Professionalising Your Family Business” workshops run over the final two weeks of May. Read more here.
April Ezine-Corporate Governance in Family Business
Please find our April Ezine on Corporate Governance in Family Business here.
In this issue, we look at the family behind Matthews Coach Hire, PwC advise on how to handle family governance and professionalisation, and CFB discuss the importance of a family business constitution. In addition, promotion of our upcoming Family Business Roadshow between 19th and 28th of May can be found in this issue. Register for your nearest free event here.
CFB hold Innovation in Family Firms Seminar
The DCU Centre for Family Business held an Innovation in Family Firms themed seminar on Wednesday. Family business practitioners, scholars and supporters attended the keynote address from...read more here.
Paper on Family Firm Innovation Accepted at Leading Conference
A globally renowned conference has accepted a research paper on innovation in family firms from the DCU Centre for Family Business team. The Academy of Management Annual Meeting, attracting over 10,000 academics and scholars, will be held in Vancouver, Canada this August. Read more here.
CFB Director speaks Family Business on Newstalk
DCU Centre for Family Business Director, Dr.Eric Clinton and Managing Director of Manor Farm, Vincent Carton spoke to Bobby Kerr on Down to Business, Newstalk on Saturday 4th April, 2015.
Innovation in Family Business Seminar Coming Soon
The Family Business Seminar - morning seminar with a keynote address from Professor Alfredo De Massis and panel discusssions. Read more here.
Prominent Family Business Pracademic presents at CFB Conference
Professionalisation and social capital investment were at the forefront of discussion during the DCU Centre for Family Business conference on Tuesday, 24th of March. Read more...
CFB to host conference on Professsionalising Your Family Business
DCU’s Centre for Family Business is holding a half-day conference entitled ‘Professionalising Your Family Business’ on Tuesday 24th March. Find more information here.
February Ezine-Professionalising Your Family Business
Please find our February Ezine on Professionalising Your Business here.
In this issue we feature the Teeling Whiskey Company (TWC) family business, William Fry explains the core building blocks of your succession plan, and the CFB show where to start the professionalising of your business, as well as promotion of our upcoming Family Business conference on March 24th.
PwC Family Business Briefing promotes the Professionalising of both Business and Family
Professionalising the family, not only the business was the key message at PwC’s recent Family Business Briefing. ‘The need to professionalise is recognised as both a business and family issue….determining what is the sustainable model that is needed to be put in place for a successful business and family’ said Paul Hennessey, leader of Irish Family Business Services at PwC. Read more...
CFB Scholars to Present at Internationally Renowned Conference
PhD scholars from the DCU Centre for Family Business, Catherine Faherty and Vanessa Diaz, have been awarded to attend and present at a globally recognised, highly competitive entrepreneurship conference this June.
AIB, PwC and William Fry Support DCU Centre for Family Business
AIB, PwC and William Fry have joined forces to support DCU’s recently established Centre for Family Business (CFB) in assisting the unique contribution of Irish family firms to the Irish economy and society. This partnership, which will run for three years from 1st January 2015, will allow the Centre to continue its vital work in supporting the longevity of Irish family businesses. Read more....