A Woman’s Place: Farewell, Primogeniture!
Dugan, Ann M.; Krone, Sharon P.; LeCouvie, Kelly; Pendergast, Jennifer M.; Kenyon-Rouvinez, Denise H.; Schuman, Amy M.
2016-01-22 00:00:00
Family businesses are creating diversity and a broader set of leadership skills by including women leaders in the top man- agement teams. The fact that family businesses do this to a greater extent than non-family firms could be because they have access to talented women through different networks and are not pressurized by public shareholders to be conven- tional in terms of board selection. It may also be a sign that the traditionally “invisible” influence of women in family firms has always been there but is now beginning to take a modern shape: as officially recognized positions of leadership. —Nigel Nicholson and Asa Bjornberg London Business School ● After 376 years in business, Avedis Zildjian, a manufac- turer of musical cymbals, named Craigie Zildjian its first woman CEO in 1999. A company with roots in Turkey, Zildjian is headquartered in Norwell, Massachusetts. Debbie Zildjian, Craigie’s sister, is also an executive in the family firm. In the early 1980s, they became the first women to learn the secret method of blending metals to create the “Zildjian sound” beloved by drummers. Until then, the secret formula had been passed in an unbroken line from father to eldest son. ● Founded in
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Family businesses are creating diversity and a broader set of leadership skills by including women leaders in the top man- agement teams. The fact that family businesses do this to a greater extent than non-family firms could be because they have access to talented women through different networks and are not pressurized by public shareholders to be conven- tional in terms of board selection. It may also be a sign that the traditionally “invisible” influence of women in family firms has always been there but is now beginning to take a modern shape: as officially recognized positions of leadership. —Nigel Nicholson and Asa Bjornberg London Business School ● After 376 years in business, Avedis Zildjian, a manufac- turer of musical cymbals, named Craigie Zildjian its first woman CEO in 1999. A company with roots in Turkey, Zildjian is headquartered in Norwell, Massachusetts. Debbie Zildjian, Craigie’s sister, is also an executive in the family firm. In the early 1980s, they became the first women to learn the secret method of blending metals to create the “Zildjian sound” beloved by drummers. Until then, the secret formula had been passed in an unbroken line from father to eldest son. ● Founded in
Published: Jan 22, 2016
Keywords: Family Firm; Family Business; Business Owner; Woman Entrepreneur; Family Business Review
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