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Starting a company, whether it’s a social enterprise or a regular one, is a high-stress endeavor and not for everyone. But does it harm founders’ mental health? The answer, according to a new report, is yes. In fact, many startup founders say the process of starting company has been detrimental to their well-being. But the problem…

How can family businesses make the tough decision of whether to reduce or suspend dividends to their family owners during an economic crisis? “Be prepared to be flexible” is the answer. COVID-19 is our latest example, admittedly on an unprecedented scale, of the harsh reality that bad things can and will happen. Economic recessions occur…

Abstract Family firms in tourism and hospitality (FFTH) are often characterized by their long-term orientation and strong “familiness” and embeddedness in tourism destinations. Families however are often confronted with and have to adapt to global change and can sometimes struggle with drastic changes in the tourism industry. And while the current COVID-19 pandemic will mean…

We have entered a new era that’s presenting unprecedented challenges, as well as significant opportunities, for family enterprises. Some of the traits of successful family businesses — their long-term outlook, strong financial resilience, stakeholder loyalty, and commitment to positive social impact — will aid their success in this new era. However, other traits — such…

We are in a middle of a work revolution, Globalisation and the rise of automation paired with the next generation of computers who desire more personal, intuitive brand experiences are driving companies to rethink their approach to talent management and acquisition. For that, every company has some form of programs designed to foster their talent,…

Over the past several decades  managers have  had to adapt to a stark reality: Individuals with unique talent can profoundly affect the value—and even the nature—of the work their organizations produce. A film studio can make a movie with or without Julia Roberts, but it won’t be the same movie. The Green Bay Packers can…

Founder and President of V-Soft Consulting, Purna Veer has led V-Soft to champion innovation for companies across North America. There’s never been a time when IT talent is more in demand than today. You can’t turn on the news without hearing about the Great Resignation. Businesses everywhere are losing employees to higher-paying, culturally attractive positions. Any company slow…

The best workers do the best and the most work. But many companies do an awful job of finding and keeping them. In the book Leading Organizations, 1 McKinsey senior partners Scott Keller and Mary Meaney address the ten most basic issues facing leaders: attracting and retaining talent, developing the talent you have, managing performance,…