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Smith Family Business Initiative at Cornell

Linked In continues to rise in popularity and usefulness. Its features allow for connections to those in your extended network, job search, and discussions. Where might Linked In help your business and professional career.

Negócios Tecnologia

Family Business 2.0 The Hidden Tools of LinkedIn presented by Nicole Ravlin

What is it? What you need to know: Statistics: As of April 8, 2010 there are over 65 million LinkedIn members across the globe. ©PMG Public Relations, LLC 2010

Top 10 ways to make LinkedIn worth your time…

#1 Company Profiles ©PMG Public Relations, LLC 2010

#2 Groups ©PMG Public Relations, LLC 2010

#3 Answers ©PMG Public Relations, LLC 2010

#4 People Search ©PMG Public Relations, LLC 2010

#5 Applications ©PMG Public Relations, LLC 2010

#6 My Travel ©PMG Public Relations, LLC 2010

#7 Twitter ©PMG Public Relations, LLC 2010

#8 Facebook ©PMG Public Relations, LLC 2010

#10 Networking ©PMG Public Relations, LLC 2010

Questions? Thanks for your attention and time! Nicole Ravlin PeopleMakingGood.com @pmgnicole www.facebook.com/pmgpr

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This article argues that family business centers need to align themselves with their universities' missions through strategic planning. It further argues that in most cases this means building the program on an academic base of either teaching or research. Part of establishing that base includes analyzing the balance among teaching, research, and service (i.e., using the [201c]Holistic Model[201d]). Without this approach, the risk of failure greatly increases. The experience discussed throughout this article is that of a small, private, liberal arts university that, using the approach recommended, built its center on the foundation of teaching. Many of these issues warrant further research.

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Family and privately-owned businesses have a distinct advantage when family and ownership are closely aligned. Evergreen businesses are led by purpose-driven leaders with the grit and resourcefulness to build and scale private, profitable, enduring and market-leading businesses that make a long-term difference. Understanding certain “evergreen” principals, which may already be in place in your family or business, can be an effective lever to empower innovation in this generation and others to come.

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Interruptions come in all shapes and sizes, from those considered a normal part of the business cycle such as changing market conditions or an acquisition proposal, to the deeply personal and subjective, such as the birth of a child, the loss of a loved one or a new idea and the choices it brings. They can be frightening and destabilizing, but they can also be used as catalysts for growth and improvement. It all depends on how you respond to them. Entrepreneurs have to be ready to accept and even embrace these changes as they come. Ramez Baassiri – Board Member, AHB Group

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Family businesses have received an increasing amount of attention of late, and rightfully so. They dominate the global economy, from the corner store to the Fortune 300. As publicly owned corporations grow larger, as political systems grow more fragile, and as uncertainty permeates through many corners of society, family businesses will continue to play a key role in building trust and driving innovation. Despite all of this, family businesses are still largely misunderstood; seen as small, insular and conflict ridden. The Smith Family Business Initiative was launched in 2014 to dedicate our efforts towards understanding what makes family business unique, amply positioned and ultimately well suited to tackle the business challenges of global economy. Learn what is now underway at the SC Johnson College of Business and across all of Cornell to connect, educate and inform students, alumni and leaders from family businesses all across the globe.

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Every business founder will be faced with the same decision at some point – “How do I exit this business I have created (or inherited)?” Nearly half of all business failures are precipitated by the owner’s death. Regardless of what stage your business or practice is at, thoughtful planning and communication with your family and business are critical components in a smooth business succession. Understanding how business, ownership and family are often interwoven is one pathway to success in any business transition process.

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LinkedIn has established its staying power and proves to be one of the most useful tools for your business and career. In this year’s 7x7x7, hear from 7 experts who have leveraged LinkedIn’s tools, features, and groups to enhance their own profile, increase contacts, and grow their business. Tips will span from personal applications of LinkedIn to enterprise level features that can be used for your business.

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For small to medium enterprises, the role of the CFO is critical to sustaining the enterprise and ensuring a smooth succession. Drawing on recent research and first-hand accounts with family business owners and CEOs, the director of the Vermont Family Business Initiative at the University of Vermont and our panel will examine the key traits of the most successful (and enduring) family businesses–and how their CFOs played a significant role in that success.

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