Understanding Family Business brings you articles and tips from Family Business Experts who understand family values and business systems.

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Understanding Family Business

The FamilyLore Game is one of the most intriguing and fun games, ever. Any family planning to be together at Thanksgiving should consider including the FamilyLore Game. It is a unique and fun board game that is customized for every family. There are over 20 different categories of family trivia that become the basis for creating a type of written history of the family. The first time my family played this family reunion game, we really had a lot of fun - funny how every member of the family had just a slightly different memory of a special occasion or a special event where the family was involved. But as we became more experienced with this family reunion game, the family became more aware of some very important dynamics that are embodied in every successful family business.

Family Traditions - every family has certain traditions that reflect the culture and history of the family. We find these family traditions also become part of the traditions of the family business. For example, an immigrant house painter in Michigan would present a small American Flag lapel pin to those people who hired him to paint. Three generations later, this large painting contractor still continues that tradition by presenting an American Flag lapel pin to everyone who helps their family and their business.

Family reunion games can be part of the process of creating a written history of the family. In many ways, this family reunion game is unique because the more you play The FAMILYLORE Game, the more it becomes customized for every family that owns it. That's right - every family creates their own unique copy of this family reunion game.

Delivery time takes two days - so it is not too late to order the FamilyLore Game.

To order the FamilyLore Game for your Thanksgiving family reunion click here.

Don't forget one of the most popular features of our web site is our initiative called Family Business Profiles.

Our Financial Management section has a new page.

Financial Management - Tips and Tricks for the Family Business Owner Who Doesn't Have or Need a CFO... Yet!

Financial management - for the family business owner who doesn't have or need a CFO and all the trappings of big companies.

Let's face it - big companies need and can afford to have a whole arsenal of specialists and professionals to help them. They already know the tips and tricks.

But, many of our smaller - and some that are not so small! - clients don't have professional financial managers. But you still need to run a a tight ship financially. So, this section is for you.

Construction draws

Construction draws have become an area for sharp-operating General contractors to earn extra profit - at the expense of their Subcontractors.

Don't forget the new feature on our site that will become even more prevalent. Our Family Business Blog [Blog is short for "web log"] mini-journal will keep you updated about site changes and other family business matters. Check it out regularly on the site from the NavBar button. Better still, subscribe to the blog using the RSS feed information on any of our pages, such as

Understanding Family Business.

LP29. New Technologies Integration

LP29. New technologies integration is the planning process of integrating advances in new process and product technologies and information systems. In new technologies integration, the development of the organizational means is integrated with how the organization manages its applications and how it applies these new technologies. Furthermore, new applications are integrated with changes in the organizational means and the new technologies.

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