Richard Narva

About Richard Narva

This author has not yet filled in any details.
So far has created 4 blog entries.

HERITAGE AND TRADITION IN FAMILY BUSINESS
by Richard L. Narva

How Family-Controlled Enterprises Connect the Experience of their Past to the Promise of their Future

Introduction – The Myth
In her incisive portrait of William Clay Ford, Jr., the fourth generation of the Ford family to head their eponymous industrial behemoth, Martha Sherrill captures a Kodak moment between Mr. Ford and the […]

SUCCESS, NOT SUCCESSION, IS THE ISSUE
by Richard Narva

In a 2008 article on family controlled media companies, Professor Jonathan A. Knee, the then Director of the Media Project of Columbia University, wrote:

The prime determinant of how long a family dynasty will endure is how well its business is run.  Nothing is more likely to spur a family insurrection […]

TWO PLANS FOR THE FAMILY-CONTROLLED ENTERPRISE
by Richard L. Narva and Peter von Braun

A dual initiative that can help a business family ensure continuity of ownership control and harmonious family relationships.
Most people have a pretty straightforward vision of the perfect family business. They hope for a continual strengthening of the company’s financial and market position so it can support the lifestyle needs of […]

HOW TO CREATE EFFECTIVE GOVERNANCE IN A FAMILY CONTROLLED ENTERPRISE
by Richard L. Narva, Esq. and Beth G. Silver, Esq.

A key issue facing family firms is: How do the family members who control a business balance the art of maintaining family harmony with the duty to all constituencies of the enterprise to develop a dynamic business enterprise effectively pursuing competitive long-term strategies? This article suggests that one fundamental tool […]