Helping intergenerational family owned business be more successful

Posted on May 10, 2011 by Bill Faiferlick

In today’s volatile business environment, family owned businesses are still the backbone of the US economic engine. Consider the following statistics reported by the University of Southern Maine’s Institute for Family-Owned Business: Some 35% of Fortune 500 companies are family-controlled. Family businesses account for 50% of U.S. gross domestic product. They generate 60% of the country’s employment and 78% of all new job creation. Our guest today, Dr. JoAnne Norton is a member of the prestigious Family Business Consulting Group, has worked with multi-generational family businesses for over a decade. Today’s show will focus on steps intergenerational family owned businesses can take to be more successful and thrive.

Guest:
Dr. JoAnne Norton, Member Family Business Consulting Group

Dr. JoAnne Norton, a member of the prestigious Family Business Consulting Group, has worked with multi-generational family businesses for over a decade. She is the former Vice President of Shareholder Relations for Freedom Communications in Irvine, California. She has a doctorate in Organizational Leadership from Pepperdine University, and trained at the Georgetown Family Center. JoAnne had executive education at the Institute of Management Development in Lausanne, the Graduate School of Business at Stanford University, and the Kellogg School of Management at Northwestern University. Dr. Norton is a Fellow of the Family Firm Institute and holds a certificate in family business advising. She is a director emeritus of the Orange County Forum for Corporate Directors. JoAnne is a frequent speaker on family business issues and author of many published articles. She has a monthly newsletter, “A Family Business Moment”. JoAnne has a weekly radio show on WGEM in Quincy, Illinois.