Dominik v. Eynern, Family Hippocampus

Carlos Augustin Moreno, Family Hippocampus

Abstract

This paper discusses the importance of having a conscious culture for more family engagement in the interest of success for the family and the businesses. The term ‘culture’ has a long history and is now used in different intellectual disciplines with diverse and sometime confusing meanings[1]. We focus on the anthropological interpretation. Culture is a distinctive way of life of individuals organized in social systems that defines their social reality. It comprises social norms, socially acquired values and beliefs that delimits the range of accepted behaviours. …


The article discusses centripetal and centrifugal forces in business families, implications for the next generation respectively successions and possible leverage points, especially narrative embedded family governance. It was originally published in the family business network and education platform LORANGE NETWORK.

Introduction

Business families are a significant part of a dynamic, complex social system. He or she is commercially successful as employee and starts a family. This is the first sub-system: the family. With an entrepreneurial mind-set, he or she starts a business and takes a significant amount of risk. The family business is the second subsystem. Because the founder wants to…


Behavioural Risks in Successions and the ‘Lucky Warrior’

‘Every Kingdom has a lucky warrior’ said Prince Michel of Yugoslavia in a panel discussion at the 6th Global Family Office Summit, hosted by the Ritossa Family in June 2018.

I like this expression very much because it implies that to create fortunes, it needs someone who is brave enough to take risk and it insinuates, that luck is of the essence. We tend to forget the contribution of luck to wealth and overemphasize our perceived skills. Our lucky warrior is endowed to what he has created: a kingdom and a family…


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Business Families — Dynamic Social Systems

Business Families are dynamic, cybernetic social systems on a macroscopic level, made up of inter-dependent individuals who are sub-systems on a microscopic level. Left to their own device, individuals self-organize in a social group and create non-linear patterns of relationships through synergistic and antagonistic forces corresponding to various attractors that are endogenous or exogenous. Thus, family systems are open, dissipative social systems, prone to frictions and shocks.

Trajectories of social systems are path-dependent and irreversible in time. They change through shocks, i.e., …


Co-authored by Dominik v. Eynern, Family Hippocampus and Doris Sommavilla, Family Hippocampus

Abstract

Stonewalling is one of the four horse men in relationships, indicating the beginning of the end. ‘Stonewallers’ don’t share much about their world with others. When all wisdom about wealth-creation and wealth-preservation is concentrated in one person, this constitutes Key Man Risk with severe implications on successions and business continuity.

In this article, we highlight possible reasons for stonewalling with insights from neuroscience about our decision making and results from studies in behavioural economics. …

Dominik v. Eynern

Founding Member of Family Hippocampus. Research in family dynamics

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