Our Latest Articles
//March 17, 2025 - Issue #138
Family Firms Prosper When Shareholders Think Like Trustees A trustee mentality helps make large families with many shareholders more cohesive, and preserves wealth for generations.
Generational Experiences Shape Family Business Leaders' Priorities Beliefs about success, responsibility, and value creation reflect the time and place in which business owners grew up. Religion and strong family ties magnified the impact.
Editor's Pick
Brett Smith
Fr. Greg Boyle on compassion and kinship
Social entrepreneurs are often motivated to action by a regard for others. In this Tedx talk, Fr. Greg Boyle explains how the motivations of compassion and kinship play out in his work as the founder of Homeboy Industries, the largest gang member intervention and job-training program in Los Angeles. Boyle explains the critical roles of compassion and kinship in the development of social value.
http://www.youtube.com/watch?v=ipR0kWt1Fkc
The Psychology of Effective Exit Planning: A Guide for Families and Advisors Family firms can help the next generation move forward by understanding and supporting the emotional aspects of the exit for the current leader.
Outsource or Hire? Advice for Family Businesses Ben Berger and Ron Nahass of RSM talk about the benefits of letting outside contractors handle critical business functions.
How CSR Shapes the Power of Family Business Branding Being family-owned or socially responsible endears a business to consumers. Having both attributes mutes the impact of family ownership, and requires a different branding strategy.
Family Businesses Have a Massive Impact on the UK Economy A new report by the Family Business Research Foundation and the Centre for Economics and Business Research shows families control 93 percent of UK firms.
Senior Leaders: Prepare Early to Let Go of the Business A handover often marks the end of life as the leader knows it and the start of a new and unfamiliar phase. A grieving process is not uncommon.
'Gainsharing' Motivates Employees to Grow Profits Like profit sharing, it aligns company objectives and employee interests, but with more frequent rewards and a focus on operational improvements rather than company profits.
While male leaders often view stepping down as a threat to their identity and accomplishments, female leaders appear to be motivated by other factors. Read more...
Family-owned businesses often struggle to compete with non-family firms when it comes to recruitment, and understanding the expectations of job seekers is crucial to attract the best talent. Read more...
Allen Esrock of NxtGen Nexus weights in on how to optimize the free labor and other benefits, and how to manage conflicting goals, sibling resentment, and suspicious non-relatives who work for you. Read more...
Bragging about your family connection is universally bad, but even pride in your accomplishments must be displayed carefully -- especially in eastern cultures. Read more...
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Supported by the Richard M Schulze Family Foundation