Second Generation Family Ownership: The Lefton Siblings Take the Helm of Psychological Associates
65 years ago, Drs. Victor Buzzotta and Robert Lefton formed Psychological Associates. Together, they created the Dimensional Model of Behavior, helped countless leaders and organizations, and made a name for themselves in the fields of leadership consulting and industrial/organizational psychology. But as years pass, organizations and generations change. While the legacy of our founders is […]
3 Common Challenges Faced By Family Businesses, and How to Rise Above
Throughout history, family has proven to be the foundation for some of the world’s most successful businesses. Household names like Wal-Mart, Ford, Phillips 66, Nike, Samsung, and countless others got their start as family businesses, and many remain family-owned to this day. But for every successful business built on familial love and trust, there are […]
5 Reasons You Need A Succession Plan
Why is Succession Planning Important? One of the most disruptive things that can happen to a company is the sudden need to replace a leader. A CEO Succession Planning Survey from Heidrick & Struggles and Stanford University found that more than half of companies today cannot immediately name a successor to their CEO should the […]
Succession Planning for Future Success
Your organization may have a great top team in place. But continued success is not guaranteed. You never know when your C-Suite will be hit with an unexpected retirement or resignation. Proactive succession planning means your organization is prepared for not just future challenges, but for future growth as well. Begin With the End in […]
The Ties That Bind
Families are complicated. Business can be challenging. And when you put the two together, you may get more than you bargained for. When young entrepreneurs start a business, they often dream of passing that business down to their children. The idea of generations working side by side, enriching the family coffers and deepening their relationship […]