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Thicker than water: Family Enterprise Management

A family business can be anything from a single mom-and-pop store to a global corporation like Red Bull, BMW or Mittal Steel. What marks them out from other businesses is the family dynamics going on within the company and in the boardroom, which can sometimes lead to quirky management styles and unique cultures and procedures. All this is very old-school, but today’s family-run companies include some of the most innovative and successful business around. Wal-Mart, anyone? Ford? Toyota? The Tata Group? Samsung? All multi-generational family-run businesses.

Digital Leadership: nurture your roar talent

Running a business used to be an analog affair based on straightforward principles. Retail? Buy low, sell high. Services? Give a little, charge a lot. Rinse and repeat. But then a flood of zeroes and ones invaded business, disrupted everything and changed the way we work, making us dependent on it in order to perpetuate itself. Whether we become slaves to the beast or tame it to serve our own ends depends on us.

Bringing Formula 1 thinking to the corporate boardroom

The relentless pace of Formula 1 innovation is legendary. Performance on track depends on the constant examination and improvement of every aspect of a complex machine and its track team in order to gain a small but significant edge on rivals, who are themselves all striving in the same way. Competition is so fierce in F1 that the sport’s HQ have launched a series of management events aimed at bringing some of that constant innovation thinking into the business world.

Forbes launches new eLearning platform

Forbes is angling for a bite of the Continuing Professional Education market with learn.forbes.com, its new eLearning platform launched June 6. Aspiring professionals, the bedrock of Forbes’ readership, can now choose from 60-plus self-paced online courses focused on leadership, entrepreneurship, business, IT, sales and cybersecurity.

Smart.ly: pocket-sized MBA divides opinion

What is the real value of an MBA? The skills developed, or the prestige of the issuing institution? For those seeking to add an MBA to their resume, their answer to that question will make the difference between spending thousands of dollars and spending no dollars at all.

Acing the quality game: Lean Six Sigma

In manufacturing, one measure of the efficiency and quality of a process is its sigma rating – which can refer either to yield or the percentage of defect-free products it creates. The number in front of the sigma symbol (σ) indicates where the process’s output lies on the bell curve of standard deviation. 1σ is terrible, with 69% of products coming off the production line with defects – a massive waste of resources. 2σ would see around a 31% defect rate. 3σ would be about 7%.