Dr. Pendergast Featured on Crain's Chicago Business Roundtable
Crain's: "The family business model is evolving to what's known as an "enterprising" approach. Enterprising families, as they're called, see themselves as not being in a particular type of business - manufacturing, for example - but rather in a family business where they're focused on transmitting wealth over generations, adapting their business portfolio to meet the needs of the market, engaging family members to contribute in a variety of ways, and more."
Among the questions discussed:
Why should family businesses consider moving toward an enterprising approach?
Pendergast: The approach is dynamic and allows reaction to the changing industry and market realities the family businesses may face. It's also more inclusive to family members, increasing the likelihood of a lasting family connection.
To read the full article on the Crain's Chicago Business website, click here.