HEC Montreal: Business Families

Business Family Foundation’s virtual library

phuongt — Sun, 15 Jan 2012 20:20:11 +0000

The virtual library of the Business Families Foundation is available here: http://www.businessfamilies.org/en/virtual-library

Gala Dinner 2011 “The art of giving… from generation to generation”

phuongt — Fri, 25 Nov 2011 16:08:36 +0000

The event occurred on November 14th, 2011.

Thanks to our sponsors!

Pictures of the evening coming soon!

CIFA’s networking event 2011

Amerilui — Tue, 17 May 2011 20:26:17 +0000

Good day,

We would like to invite you to our next activity, which will take place Thursday June 9th at Le Crystal Hotel, located at 1325 Rene-Lévesque W., corner de la Montagne street. Please note that the presentation will be conducted in French and English as many of the participants are bilingual.

We encourage you to invite your family members, friends and colleagues that might be interested in participating but PLEASE RSVP by May 31st as we have a limited capacity. For reservation and payment please clic here.

Looking forward to hearing from you and if you have any questions please do not hesitate to contact us.

Colette Vanasse
Directrice, Centre international des familles en affaires McGill -HEC Montréal
Director, McGill -HEC International Business Families Centre
Telephone 514-340-7292

colette.vanasse@hec.ca

Intergenerational succession: Article in the Gestion

Amerilui — Tue, 22 Mar 2011 19:44:29 +0000

Three classic models of failure in the intergenerational succession of family businesses

Danny Miller, Lloyd Steier and Isabelle Le Breton-Miller

Gestion; ABI/INFORM Global

In many family businesses, the founders are trying to perpetuate their legacy and ensure continued family control through intergenerational succession, passing the baton to their children. Unfortunately, recent studies show that “only 30% of family businesses survive beyond the first generation” and that several intergenerational successions fail shortly after the second generation has taken over. This is a serious blow not only to family businesses and their employees, but also the health of the economy. Therefore the failure of intergenerational succession is a challenge that deserves to be studied.

Read the article…

Vendre sa salade : Article published in La Presse

Amerilui — Sun, 06 Mar 2011 00:31:34 +0000

Vendre sa salade

Pierre Duhamel, special collaboration
Published on February 21, 2011

(Montréal) Son idée : Exporter sa production agricole sur tout l’Est du continent grâce à l’innovation.
Sherrington, un paisible village de la Montérégie tout près de la frontière américaine, fait partie de la bien nommée MRC des Jardins-de-Napierville. En hiver, sur le rang Saint-Paul, des champs de neige se suivent à l’infini avec de jolis petits bungalows pour nous rappeler que des gens y vivent et y cultivent la terre. Et puis, soudainement, il y ça.

Derrière une maison comme les autres, on distingue une dizaine de semi-remorques.

Nous voilà chez Veg-Pro International, le plus gros producteur maraîcher au Canada, une entreprise qui compte 500 employés, dont les revenus atteignent 100 millions de dollars et qui vend chaque semaine 500 000 barquettes de laitues mélangées dans les supermarchés de l’Est du Canada et des États-Unis, de l’Ontario à la Floride. Ça fait beaucoup de salade.

Read the article…

Report Business Transfers: Problems and Suggested Solutions

Amerilui — Thu, 03 Mar 2011 17:43:28 +0000

Business Transfers: Problems and Suggested Solutions

Raymond Chabot Grant Thornton · Montréal, February 3, 2011

Taking advantage of the consultations related to Canada and Quebec pre-budgets and the development of the Quebec entrepreneurship strategy (Stratégie québécoise de l’entrepreneuriat), Raymond Chabot Grant Thornton is releasing a report entitled Business Transfers: Problems and Suggested Solutions. The report, which was sent to the Quebec and federal Ministers of Finance, raises a significant tax concern regarding business transfers and proposes innovative solutions that would support family succession.

Business succession: vital to our economic success

Jean Robillard, President and CEO, stated, “If there is one necessary condition to Quebec and Canada’s economic success, it would be the competitiveness of our businesses. To support and encourage this competitiveness, we must ensure the prosperity of our business successors. This has, unfortunately, not been the case, because of tax provisions that do not favour business transfers to family members.

Read the article…

Suggested Books

Amerilui — Tue, 22 Feb 2011 00:05:14 +0000

List of suggested books to read on Family Business

Réussir dans la Durée, Danny Miller et Isabelle Le Breton-Miller.
Dans Réussir dans la durée, Danny Miller et Isabelle Le Breton-Miller soutiennent que les caractéristiques mêmes qui ont longtemps été mises à l’index comme étant des faiblesses des entreprises familiales – stratégies stables, culture de clan, mandats à vie – ont en fait plutôt créé de redoutables avantages concurrentiels pour plusieurs de ces entreprises. Les auteurs ont identifié au-delà de quarante grandes compagnies contrôlées par des familles qui ont non seulement dominé leur marché pendant vingt à plus de cent ans, mais qui l’ont fait en allant à l’encontre de la plupart des pratiques modernes de gestion. Available at COOP HEC. To order a copy of the book, click here.

Managing for the Long Run, Danny Miller et Isabelle Le Breton-Miller.
This book draws from a worldwide study of enduring, family-run organizations – including Cargill, Timken, L.L. Bean, The New York Times, and IKEA – to reveal their unconventional success strategies and how these strategies can be adopted by and applied to any organization.Miller and Le Breton-Miller show how four driving passions of family-run firms – command, continuity, community, and connection – give rise to a set of practices that defy modern management thinking yet ensure a company’s long-term competitive advantage. Outlining how these practices can enhance strategic efforts from operations to brand leadership to innovation, this book shows what every company must do to manage for the long run. Available at COOP HEC. To order a copy of the book, click here.

This Business of Family, Dennis Dwyer.
In 1998, the Dwyers travelled in Great Britain, The Republic of Ireland, Ulster, Switzerland, France, Belgium, and Holland, and interviewed 21 families who owned and ran businesses. The following spring they drove across Canada and met with another 27 families and, in 2000, 8 families in the U.S. They recorded 56 stories of conflict within family firms, ranging in size from a huge conglomerate to a small restaurant.These true stories are the background that provides insights on preventing and resolving disputes in a family business. Available at COOP HEC. To order a copy of the book, click here.

Préparer la relève, Luise St-Cyr, Francine Richer.
Pour aider ces dirigeants, les auteures suggèrent une méthode permettant de cerner les politiques familiales et des outils les aidant à réaliser leur processus de succession. Le cas de neuf entreprises québécoises (Laboratoire médical Biron, Groupe Germain et Boulangeries Première Moisson, entre autres) est présenté en vue d’illustrer la transmission des pouvoirs d’une génération à une autre, ou encore par une relève non issue de la famille. Available at COOP HEC. To order a copy of the book, click here.

Succeeding Generations, Ivan Lansberg.
Finding the right successor to a well-loved founder or president is often the most difficult task an organization can face — and the challenge can be even greater for family-run businesses. “Succeeding Generations” explores leadership transitions in family businesses, offering a clear-eyed assessment of the different options, from direct succession to building partnerships between siblings and cousins.With a wealth of examples from companies in the United States, Europe, and Latin America, “Succeeding Generations” provides a thoughtful and comprehensive look at the sensitive dynamics of leadership succession in family businesses. Available at COOP HEC. To order a copy of the book, click here.

Family Business Key Issues, Denise Kenyon-Rouvinez et John L. Ward.
The family business has been the most prevalent and pervasive form of business in many countries and raises particular questions concerning succession and governance and in particular the relationships between management, board members and family members. This book is a collection of articles by leading thinkers and practitioners on the family business which covers such issues as assuring a healthy family business, family strategy, governance and succession. Available at COOP HEC. To order a copy of the book, click here.

Management des PME, sous la direction de Jacques Filion.
Quand on sait que les PME représentent à elles seules plus de 95 % du total des entreprises et généralement les deux tiers de l’emploi, on comprend bien l’intérêt et l’importance que revêt un manuel sur le sujet. Management des PME est composé de chapitres écrits par des auteurs provenant de divers pays, qui sont tous des chercheurs et des professeurs chevronnés des domaines de l’entrepreneuriat et de la PME. Cet ouvrage multidisciplinaire de gestion des PME est à la fois une introduction et une base de réflexion. Available at COOP HEC. To order a copy of the book, click here.

Article published in the Gazette

Amerilui — Sun, 13 Feb 2011 01:50:18 +0000

Letter to the Editor: We can’t afford to lose local entrepreneurs

By JEAN GAUTHIER AND SUZANNE LANDRY, The Gazette · Tuesday, February 8, 2011

According to the Quebec government, about 55,000 Quebec business owners will have retired by 2018, resulting in an actual decline of 25,200 entrepreneurs. If we take into consideration the arrival of new entrepreneurs between 2008 and 2018, this figure represents more than half the decrease in entrepreneurs in all of Canada (-45,200). The situation is particularly alarming for 30-to 44-year-olds because only 3,000 Quebec entrepreneurs will be new business owners by 2018, which is 10 times fewer than in Ontario.

Read the article…

February 9, 2011 «How to better cope with the many transitions of a Family Business» hosted by the Poirier Family

Amerilui — Tue, 18 Jan 2011 19:12:11 +0000

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«Pictures from previous events with CIFA»

Amerilui — Thu, 09 Dec 2010 19:25:15 +0000

Discover our collection of Pictures from previous events that CIFA has participated and hosted along with many Family Businesses.

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