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Dear %%fullname%%,
Welcome to the Family Business Bulletin, the inaugural issue of the Austin
Family Business Program’s e-newsletter. Located in Oregon State University’s College
of Business, the AFBP strives to be a resource both to family businesses and
to the enterprises that serve them.
My family has a long history of owning and operating a variety of businesses including
some I worked in myself. For this reason, I have a special connection to the
uniqueness of family businesses. At one time, our family owned the largest printing,
blueprint, and map-making business in California. Unfortunately everything that could
go wrong did, and none of the businesses exist today. Their demise was avoidable had my
family been able to communicate and successfully plan to operate the business for generations.
As family businesses, we know that good communication and planning are important, but
too often the daily crisis management prevents us from taking long strategic views
of our businesses. This is precisely the reason for the Austin Family Business Program—to
help family businesses focus on keeping their businesses successful from day-to-day AND
from generation-to-generation.
While there is much to be gained by attending our informative workshops and events—not
the least of which is an opportunity to network with other family businesses—we want to extend our reach
even more through the Bulletin. We’re especially interested in hearing what you’d like
to see included in the content. Send us an email to
familybus@bus.oregonstate.edu.
Spring is in the air and on the OSU campus. I’m looking forward to teaching the
Family Business Management course for undergraduate seniors and graduate students at the
College of Business. The syllabus is packed with great learning.
Check out our latest workshops.
Linking Vision to Strategy with a Family Business Scorecard is
one of the Strategies sessions rich with substance that will be presented by me and Justin Craig,
who is completing his Ph.D. in family business and entrepreneurship at Bond University in Queensland, Australia.
If current workshops don’t meet your needs, contact us for customized educational options or
speaking engagements because…Family matters. Business counts.
Mark T. Green, Ph.D.
Director, Austin Family Business
Program and
A.E. Coleman Chair in Family
Business
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| Foundations of Family Business |
Keeping the Business in the Family
By Mark T. Green,
PhD, Director, Austin Family Business Program and A.E.Coleman Chair in Family Business
Too often when we think about business we ignore the most prevalent type of business—the family
owned and run business. In most cases we don’t even think about family businesses because we
are fixated on the stock market. The reality is that the family business is the most common form
of business. In fact, some estimates show that nearly 90 percent of businesses in the U.S. are
family businesses. We tend to think of these as small “mom and pop“ operations. In fact, many
companies are family businesses, whether they are large national corporations and/or small and large
local operations. More...
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| Dr. Mark T. Green | |
| In the News |
Read the results of the American Family Business Survey
In this survey, conducted by the George & Robin Raymond Family Business Institute and
MassMutual Financial Group, you’ll learn how important family businesses are to the
economy. For instance, family firms represent some 89 percent of all businesses in the
United States (Astrachan, Joseph H., and Melissa Shanker, Family Businesses’ Contribution
to the U.S. Economy: A Closer Look (2003).
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Venerable AFBP director Pat Frishkoff named Raymond Lifetime Fellow
The George and Robin Raymond Family Business Institute of Alfred, NY, has named Patricia A. Frishkoff,
DBA, a Lifetime Fellow for her pioneering work in developing and leading educational programs for
family-business owners, their families and the professionals who serve them. She founded the Austin
Family Business Program at Oregon State University in 1985 and, at retirement in 2002, was the
most-veteran program director in the world. Frishkoff was a professor of accounting in Oregon State’s
College of Business and the first holder of the A.E. Coleman Chair in Family Business.
More...
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| Dr. Patricia Frishkoff |
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| Excellence in Family Business |
Eight firms honored with statewide family business awards
Along with the challenges faced by all businesses, family-owned businesses must wrestle with issues unique to
family enterprises. In recognition of this effort, eight Oregon firms were selected as winners of the 2002 Family
Business Awards. This year’s winners represent the vast palette of Oregon’s family businesses, and include an
international aviation company, a 114-year-old ranching business, a growing minority-owned electronics manufacturing
firm and a Willamette Valley vintner, among others.
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Two Oregon family businesses win national honors
Two Oregon family businesses were selected for top honors as MassMutual Financial Group 2002 National Family Businesses
of the Year. Award criteria include business development, family-to-business linkage, contributions to community and
industry, innovative business strategies and practices, succession preparedness, and involvement by multiple generations.
Henningsen Cold Storage Co., Hillsboro, was named National Winner of the Medium Category (50-250
employees).
Teeny Foods Corp., Portland, won
National First Runner-Up of the Small Category (under 50
employees).
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OSU’s College of Business prepares the next generation for the family
business with management course
Senior undergraduate and graduate level students can
take one of the few four-credit family business
management courses offered in the nation at College of
Business during spring quarter. The course addresses
aspects of managing an established family business on a
day-to-day basis and planning for succession to the next
generation: values, life cycles, marketing strategies,
succession, conflict resolution, communication, legal
and financial aspects, estate planning, governance and
philanthropy. Family business issues of new companies
are a small part of the course content; this is not a
course in entrepreneurship or in small business
management, and is not immediately relevant for students
who want to start their own companies. |
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