Dr Josh Baron is a co-founder and Partner at BanyanGlobal. For more than a decade, he has worked closely with families who own assets together, such as operating companies, family foundations, and family offices. He helps these families to define their purpose as owners and to establish the structures, strategies, and skills they need to accomplish their goals. Prior to Banyan, he worked at Bain & Company and The Bridgespan Group.
Baron teaches family business courses at Columbia Business School in the MBA, EMBA, and Executive Education programs. He publishes and speaks frequently on subjects concerning family enterprises and is a regular contributor to HBR.org, including Why the 21st Century Will Belong to Family Businesses, Why Family Businesses Need to Find the Right Level of Conflict and Every Business Owner Should Define What Success Looks Like.
A graduate of the University of Pennsylvania, the University of Cambridge, and Columbia University, he is also the author of Great Power Peace and American Primacy: The Origins and Future of a New International Order.
Many articles or speeches about family businesses include a reference to the “three-generation rule,” which says that most don’t survive beyond three generations. But that perception could not be further from the truth.
Two brothers sharing ownership in a successful fourth-generation concrete business had a bitter falling-out triggered by an unlikely issue: a sailboat. The older sibling accused his younger brother of dipping into the company till to support his racing habit.
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