Defining the Family Business

We often use the term “family business” without having a clear definition of just what a family business really is. Coming up with such a definition is more difficult than it might at first seem, but it would be helpful for any number of reasons. A...

Effective Delegation — It’s an Art

Almost every business owner has too much to do and not enough time to do it in. But there is a solution – let your team members take some of the weight off your back by learning how to delegate effectively. Are you taking work home every night? Do jobs pile up when...

Management by Fad

Management is always an interesting topic in the world of business. It’s something that some of us do better than others, and it requires a diverse set of skills that it never hurts to update or refresh. Unfortunately, it’s also an area that’s targeted by one fad...

What Happens Next? — Shell Oil’s Use of Scenario Planning

You’ll recognize the familiar way to tell an optimist from a pessimist. Give each a glass of water filled to the halfway point and ask them to describe it. The optimist says the glass is “half full”, the pessimist says it’s “half empty”. From this you can extrapolate...