Join the discussion as we motivate, educate and connect
Thomas D. Davidow is the founder and principal of Thomas D. Davidow & Associates. Dr. Davidow has more than 30 years of experience working with hundreds of national and international family controlled enterprises. He has worked with businesses in diverse fields including retail, distribution, manufacturing, real estate, construction and more. Among his many accomplishments, Tom [...]
I have written before about the difficulty of letting go and, specifically, how it gets more and more difficult once you reach the age of 70. I have also talked about the emotional challenges of letting go, and I have continually asked those surrounding individuals who are in that process to be empathetic to their [...]
With patience and reason—when there is a big decisions to be made in the family business context, it is common for family business members to feel caught between a “hard rock and a stone.” For example, during estate planning, where the business is frequently the most valuable asset, the senior generation concerns itself with their [...]
Just by itself, the concept of mediation can have a positive impact on a seemingly intractable conflict because the two parties have decided to solve their disputes in a more civilized and less costly way. I do not mean to suggest that litigation is uncivilized, but I do believe that litigation is more about emotion [...]
The FamilyBiz Q&A column provides answers to your family business-oriented questions from the subject matter experts at Thomas D. Davidow & Associates. What can you do to help the next generation perform? The best advice in any challenging situation is often the most counter-intuitive. Take golf, for example: When putting, the most [...]
The FamilyBiz Q&A column provides answers to your family business-oriented questions from the subject matter experts at Thomas D. Davidow & Associates. My sister wants to bring in an advisory board. What is the difference between an advisory board and a board of directors? This week’s FamilyBiz Q&A column is by TD&A [...]
The FamilyBiz Q&A column provides answers to your family business-oriented questions from the subject matter experts at Thomas D. Davidow & Associates. Why is it so important to follow your instincts in business? Following your instincts is crucial in order to succeed in business. Instincts encompass not only your knowledge and training, [...]
The FamilyBiz Q&A column provides answers to your family business-oriented questions from the subject matter experts at Thomas D. Davidow & Associates. How do I sell the need for policies & procedures in our family enterprise to my parents and grandparents? This week’s FamilyBiz Q&A column is by TD&A family business [...]
The FamilyBiz Q&A column provides answers to your family business-oriented questions from the subject matter experts at Thomas D. Davidow & Associates. What should you do as a consultant when you discover that the senior generation is in the beginning stages of Alzheimer’s, and there’s no succession or estate plan? The common [...]
The FamilyBiz Q&A column provides answers to your family business-oriented questions from the subject matter experts at Thomas D. Davidow & Associates. How Much Should You Tell Your Employees about Your Succession Plans? Employees worry about your family’s plans for succession as much if not more than family members do. If your [...]
The FamilyBiz Q&A column provides answers to your family business-oriented questions from the subject matter experts at Thomas D. Davidow & Associates. How do you resolve materialism versus spirituality? Believe it or not, I was asked this question by a very religious Business Owning Family. Most family Owned Businesses struggle with this [...]
The FamilyBiz Q&A column provides answers to your family business-oriented questions from the subject matter experts at Thomas D. Davidow & Associates. How Do You Teach Humility? In Jim Collins’ article, “Level 5 Leadership: The Triumph of Humility and Fierce Resolve,” published in the Harvard Business Review in 2001, he wrote that [...]
Stay Connected