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skills

May 31, 2023

A peer group of fellow next-gen leaders has always been valuable, says KPMG’s Mark Essex.

I was in Ironbridge recently in the Victorian Town, a living museum which brings to life what life was like at the beginning of the 20^th Century. My kids were particularly fascinated by the dentist. He explained how the poor, who couldn’t afford sugary sweets, would sell their healthy teeth to the rich who had rotted theirs.

“Daddy, do you believe him?”

Family Business leadership: lessons learned

January 9, 2023

Mark Essex, course director of KPMG in the UK’s Family Business Leadership Academy, talks about his key learnings from the past 12 months.

Suffering from a talent shortage? Move to skills-led organisation design

January 3, 2023

Employers can’t survive by constantly trying to push square peg employees into round hole positions. Instead, they need to look at what’s available to them in the talent market and conjure up a solution that meets their needs… Make your holes squarer, says Mark Essex, course director of the Family Business Leadership Academy, KPMG in the UK.

“Back in the day” is a phrase my kids use a lot. Of course, they don’t mean the 1980s or even the 20th Century. They mean 2019. “You know, when you used to go to work every day, Daddy”. Leaving aside that working from home is working, there is a truth in what they observe. Especially when it comes to recruitment.

Family businesses look to next generation to drive change

December 8, 2022

Succession in family firms has never been such a hot topic. Change is underway at the top of family businesses, triggered largely by the pandemic, says KPMG’s Mark Essex.

Succession in family firms has never been such a hot topic. Change is underway at the top of family businesses, triggered largely by the pandemic.

Investing in people is like investing in anything, we all want the best ROI

December 1, 2022

Take a look at one of your most important asset classes, your talent, and start to think about how you can improve the investment, says Mark Essex.

In the struggle for talent, some of your competitors might prefer to poach your staff rather than coach their own. And if one of your best people is seduced by a golden hello from a rival, you’d be forgiven for looking again at how much you invest in your staff. Of course, it won’t be long before someone comes out with the cliché: “What if you train them and they leave? What if you don’t and they stay?”

Leadership through the lens: How to pass on experience and knowledge in a virtual working environment

October 28, 2022

Helping the next generation learn leadership skills is possible in a virtual world. But it’s harder and we need to work harder at it, says Mark Essex.

Leading teams in a virtual world is harder. It requires effort, concentration and planning. But, for business leaders passing on their experience gained over a lifetime, it’s an investment. And the return is higher for family businesses.

Don’t wait for hybrid working to settle down; it won’t

October 14, 2022

In a tight labour market where talent is scarce, family business should make a virtue of their optionality and flexibility on this issue to attract talent, says Mark Essex.

The invention of email is 51 years old and has been a staple tool of office workers for at least 25 years. However, in that time we still haven’t really adopted a set of ubiquitous norms; we still receive hundreds of messages a day and use basically the same workflow for “Fancy a brew” as “Please see attached a multi-million pound contract”.

How a ground-breaking school curriculum is preparing students to make positive change through technology

March 18, 2022

With a well-earned reputation for being one of the world’s finest boarding schools, the Institut auf dem Rosenberg has long instilled entrepreneurial skills and attitudes in its students. Now, with a new cutting-edge program teaching the benefits of technology, they’re preparing the next generation for whatever the 21-Century has in store.

Humanix is the first curriculumin the world to train students' cognitive capacities and literacy through the study of human connectiveness.

One family office’s approach to conservation finance in Africa

December 16, 2021

Kathaka is a single-family office deploying capital and strategic resources into investment and philanthropic endeavours, but Caroline Rupert, its founder and chairwoman, says the name has a deeper meaning—Kathaka in Sanskrit means, ‘One who tells a story’.

Why planning for succession is planning for success

December 8, 2021

There is careful planning involved at every stage of the business life-cycle, such as launching new product lines, entering new markets and moving into adjacent industries. An owner-managed business would be adept at managing such transitions, and the rigorous planning that precedes them.

Why is it then, that a different logic should apply when faced with the question of planning for succession to the family business?