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Evolving in Changing TimesEvolving in Changing Times

Best practices to promote family sustainability

Fredda Herz Brown, Senior Consultant

February 23, 2015

13 Min Read
Evolving in Changing Times

Family enterprises have long been considered a foundation of the American economy. Many of the most notable family names in our history are connected to long-term family businesses and philanthropies (for example, Ford, DuPont, Rockefeller, Forbes and Johnson). And, the more recent entrepreneurial efforts of Steve Jobs, Bill Gates and Warren Buffett have led to growing wealth for those founders and their families, as well as for those who’ve invested in or worked with them.  

But, the world isn’t the same as when these historical families grew their businesses into enterprises. The same characteristics that positively defined family enterprise are being challenged. To deal with the rapid changes in the global economy and information flow,...

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About the Author

Fredda Herz Brown

Senior Consultant, Relative Solutions

http://relative-solutions.com/bios/fredda-herz-brown/

Fredda Herz Brown, PhD, is a pioneer in the field of family enterprise. Her numerous contributions over a quarter century have helped to establish standards of professional practice and develop the body of knowledge that defines the work of the field to this day. She is the co-author of the highly acclaimed and innovative The Family Wealth Sustainability Toolkit. Combining an online index with a book, the toolkit provides an innovative way for wealthy individuals, family offices, and the financial planners, advisors, and wealth managers who counsel them to better assess their wealth sustainability skills.

Dr. Herz Brown has authored many articles, and has served as a mentor to many young consultants and family enterprise scholars, which demonstrate her thought leadership in the field. Fredda is also the author of Reweaving the Family Tapestry, which encapsulated her model for understanding and working with families as they evolve through their life cycles.

Fredda is in high demand as a panelist, workshop leader, and lecturer. She continues to serve as a guest lecturer for a number of academic programs. Fredda serves as the chair of the Professional Advisory Board of the NY Family Enterprise Center. Her distinguished career accomplishments have been honored by awards from the Family Office Exchange and the Family Firm Institute, where she is a Fellow and founding board member.

Learn more about Fredda Herz Brown at www.relative-solutions.com and www.familywealthsustainability.com.