While every family business is different, these guidelines can help most firms smooth out the succession process and maintain family relations as a bonus.
Companies that appointed a second- or subsequent-born child as their next company leader enjoyed a better return on assets than those who picked the first-born, our research showed.
Special issue: Succession
Dennis Jaffe on Managing Transition
A thought leader in the world of family business shared his thoughts in Forbes on how to manage the shift to the next generation of leadership.
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Touting its family ownership may help a firm impress some stakeholders, but may deter others. The family must be strategic in its branding efforts.
This story illustrates a major theme of the second-life small business owner: The critical role community plays in the creation and the running of a startup.
Without heirs, the Robertson sisters 60 years ago created an evergreen philanthropic-commercial hybrid company that remains protected from taxes and takeovers.
Independent directors hold others accountable and encourage change even when firmly entrenched relationships or operating philosophies make it seem impossible.
by Eden Blair and Tanya Marcum
by Theodore L. Waldron and James C Wetherbe
by Brian Janz
by Alec Johnson and Jay Ebben
by Andrew King
by Jon Eckhardt and Daniel Forbes
Editorial offices located at St Thomas University
by Theodore L. Waldron and James C Wetherbe
by Theodore L. Waldron and James C Wetherbe
by Mark Spriggs
by Jon Eckhardt
by Ethan Mollick
by David Deeds
Supported by the Richard M Schulze Family Foundation
