Academic Insight: Personal Relationships and Family Businesses: Soft and Fuzzy or Just Better at Handling Paradoxes?

Academic Insight: Personal Relationships and Family Businesses: Soft and Fuzzy or Just Better at Handling Paradoxes?

One of more intriguing aspects of the functioning of family businesses is their ability to mesh emotional with pure business considerations to generate original and often exceptional performance. One of the first academics to highlight this phenomenon was Professor John Ward at the Kellogg School of Management in his 2010 book “Family Business as Paradox”. To paraphrase the arguments made in the book, a family business is, by its very nature, a living contradiction. Successful, multi-generation family businesses have figured out how to manage these contradictions and in many cases turn them into the secret of their success in a world that is filled with dozen of paradoxes.

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Franck Nangbo

Les entreprises familiales sont des acteurs majeurs de l’économie, en particulier dans les pays en développement. En tant qu’Associé KPMG en Côte d’Ivoire, j’ai consacré 19 années de ma carrière professionnelle à conseiller et assister les petites et moyennes entreprises de divers secteurs d’activité dans la construction d’héritages familiaux. Au fil des années, je les ai aidé à aborder les défis aussi bien financiers que managériaux de manière efficace. Afin de renforcer nos meilleures pratiques, je suis ravi de partager mes connaissances et mes expériences avec ceux qui s’intéressent à la propriété, à l’esprit d’entreprise et aux entreprises familiales.

Je vous encourage à faire des commentaires et à débattre afin d’échanger nos expériences et nos connaissances sur les entreprises familiales et d’évoquer les principaux problématiques auxquelles elles sont confrontées.

Family businesses are major actors of the economy particularly in developing countries. As KPMG Côte d’Ivoire Partner, I have devoted 19 years of my professional career to assist small and medium- sized companies across various industries in building family legacies. Throughout the years, I have helped them tackle efficiently managerial and financial challenges. To strengthen our best practices, I am delighted to share my knowledge and experiences with those interested in ownership, entrepreneurship and family business ventures.

I gladly encourage debates and comments promoting family business contributions to society and the key issues they face. I look forward to your contributions.

– Franck Nangbo

Family Business Contact Us

Family Business Email fnangbo@kpmg.ci