Let's Talk Legacy The Enduring Enterprise Pt. 1, with Devin DeCiantis and Ivan Lansberg
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Jan 15, 2025 Devin DeCiantis, Managing Partner at Lansberg Gersick Advisors, and Ivan Lansberg, co-founder and family business expert, discuss insights from their book, 'The Enduring Enterprise.' They explore resilience in family businesses, emphasizing the significance of 'families of choice' and risk management. The conversation navigates the paradox of stability in advanced economies, the crucial role governance plays in stakeholder balance, and inspiring stories of family enterprises surviving adversity, showcasing lessons for all businesses.
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Family Business Resilience
- Family businesses demonstrate greater resilience and endurance than other business types.
- They withstand turbulent conditions more effectively.
Business Threats
- Businesses face various threats, including operational, security, reputational, and compliance risks.
- Family businesses also face risks like ineffective governance, asset concentration, disengagement, and family conflicts.
Risk Management
- Risk management involves predicting, preempting, and enduring crises.
- It also includes reflecting on past crises to improve future responses.
