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Episode Info: Welcome! In this session of the Strategic Change Management Podcast I am proud to welcome Peter Jaskiewicz, a renowned Entrepreneurship and Family Business Expert to the show! During this game-changing session Peter shares his insights about why nepotism can help an organization to build value. Our discussion is based on the article, "Is Nepotism Good or Bad? Types of Nepotism and Implications for Knowledge Management," which Peter wrote with Klaus Uhlenbruck, David B. Balkin and Trish Reay, and it is published in the Family Business Review. From a change management point-of-view this podcast offers tactics that will help you choose the best successor. From an organizational point of-view this podcast also offers tips on how to become more competitive, especially when it comes to guarding company secrets. So whether you're a small business owner, executive or non-profit leader, this podcast is must-listen because it will give you a strategic change management advantage as you develop and execute your succession plan. Link to Article - Is Nepotism Good or Bad? Types of Nepotism and Implications for Knowledge Management Quote from Article Abstract "In contrast to the literature that portrays nepotism as generally problematic, we develop a conceptual model to explain why some family firms benefit from nepotism while others do not. We distinguish two types of nepotism based on how nepots are chosen. We elaborate the differences between entitlement nepotism and reciprocal nepotism. We propose that reciprocal (vs. entitlement) nepotism is associated with three family conditions that indicate generalized (vs. restricted) social exchange relationships between family members. We also suggest that generalized social exchanges are valuable to firms because they facilitate tacit knowledge management that can lead to competitive advantage." *article originally published in Family Business Review - Journal of the Family Firm Institute Inc. (http://fbr.sagepub.com) High value Change Management concepts in this session include: How nepotism can strengthen your company 2 types of nepotism - 'entitlement' and 'reciprocal' entitlement nepotism - when a family member is destined to take over the leadership role - can be detrimental if;  that person lacks adequate skills, isn't motivated for the good of the organization, can't be challenged reciprocal nepotism - when family member is chosen to take over the leadership role under the right conditions - can
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