Dr. Josh Baron is a co-founder and Partner at BanyanGlobal. For over a decade, he has worked closely with families who own assets together, such as operating companies, family foundations, and family offices. He helps these families to define their purpose as owners and to establish the structures, strategies, and skills they need to accomplish their goals. Baron teaches family business courses at Columbia Business School in the MBA, EMBA, and Executive Education programs. He publishes and speaks frequently on subjects concerning family enterprises and is a regular contributor to HBR.org, including Why the 21stCentury Will Belong to Family Businesses, Why Family Businesses Need to Find the Right Level of Conflict, and Every Business Owner Should Define What Success Looks Like.

In this episode of Family Business Today, Josh will share:

The hype surrounding the “third generation rule” and the misconception of family businesses as hotbeds of conflict
The strategies family businesses are employing during the pandemic and the optimism surrounding family businesses even during periods of stress
The need to focus on ownership as a driving factor of the success of family businesses
How ownership through generations involves a diverse set of issues and an understanding of changing family relationship dynamics
His strong belief that the success of family businesses will benefit our society and economy
And more…

To find the Harvard Review Family Business Handbook written by Dr. Josh Baron and Rob Lachenauer and learn more about BanyanGlobal, visit https://banyan.global/hbr-family-business-handbook/.

At the Tennessee Center for Family Business our passion is to help business owners create a positive environment in which their family THRIVES, their business performs and working together create a lasting family legacy. To learn more about the Tennessee Center for Family Business visit www.tncfb.com.

If you are considering a transition in your family business contact us today for a FREE Transition Assessment (follow link) and receive a one on one review of your business transition preparedness with a family business consultant. (a $299 value)

Until next time, There’s No Business Like Family Business…..We Know!