Rob Lachenauer, a co-founder, partner and chief executive of BanyanGlobal, has been an adviser, business leader, and writer throughout his career. As an adviser, he was a partner at The Boston Consulting Group, where he helped family-controlled and other businesses set and implement growth strategies.
While at BCG, he co-authored Hardball: Are You Playing to Play or Playing to Win?with George Stalk. Published by Harvard Business School Press in 2004, Hardball was subsequently translated into six languages.
As the founding chief executive of Banyan, Lachenauer has worked closely with scores of family businesses throughout the world, helping them navigate the decisions they face as owners while strengthening family relationships. He is an expert in leadership and governance for family businesses. A graduate of Harvard Business School and Cornell University, Lachenauer is also a frequent contributor to HBR.org, including Making Better Decisions in Your Family Business, What Happens When You Lose Your Mentor, and Why I Hired an Executive with a Mental Illness.
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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