Let's Talk Legacy
The Enduring Enterprise Pt. 2, with Devin DeCiantis and Ivan Lansberg
Wed, 05 Feb 2025
Devin DeCiantis and Ivan Lansberg, the Managing Partner and co-founder respectively of Lansberg Gersick Advisors, continue the discussion of their new book, THE ENDURING ENTERPRISE: How Family Businesses Thrive in Turbulent Conditions, including the possible consequences of the latest US election on family businesses, 7 stabilizing strategies for businesses and organizations, and weighing the "I" vs the "we".
Full Episode
Legacy means a lot of things to a lot of people. To some, it's lasting integrity. It's building and maintaining a history of greatness. It's making an impact on people and community. For others, it's dependable security and assurance in an uncertain time. To us, it's all of that and more. It's a mindset, a brother and sisterhood of hardworking people dedicated to doing the
right thing for you and those you care about of growing today for a better tomorrow that's what legacy means at southwestern legacy insurance group what does it mean to you let's talk legacy
In this episode, host Gary Michaels welcomes back Devin DeSantis and Yvonne Landsberg, the managing partner and co-founder, respectively, of Landsberg Gursic Advisors, trusted advisory and education partner to the world's leading family enterprises. The pair continue to discuss their new book, The Enduring Enterprise, How Family Businesses Thrive in Turbulent Conditions.
So we don't really like to, on this show, get too political or take sides on anything. But just looking at it objectively, this book was written before the most recent U.S. presidential election. And that election is now over. And it means a change in the administration and possible big changes to business.
Does that change anything in the book for you or change what you think the outlook is for family businesses in the United States? And if so, or if not, what impact do you believe this will have going forward?
It's a great question, Gary, and obviously a sensitive one. But in general, I think it addresses precisely one of the challenges that we wanted to write about in anticipation of not just the US election, but over the course of 2024, more than half of the world for the first time in history went to the polls to elect their governments.
And not just in the US, but in many countries, the outcomes of those elections were complicated. Right. and presented the businesses operating in those environments with potentially a very different world to navigate the day after the election than the day before the election.
And part of our aspiration with the book was to provide examples from other places where perhaps those lurches left or right in the political spectrum or in terms of industrial policy might have been more dramatic, but they're dramatic with an effect. The effect is that you still need to attend to and think about how you're going to reposition yourself in the face of
you know, tariff barriers or a change in access to supply chains that are competitive, depending on which countries you operate in and the importance of the diversification within those supply chains, the importance of redundancy built into your inventory and warehousing, the importance of strategic simplification in terms of recognizing the impact of inflation on your business model and the compression on your margins.
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