Practice Insight
Practice insights are articles submitted by practitioners, such as entrepreneurs, consultants, managers, and venture investors. These articles undergo editorial review but are not peer reviewed.
Part 2 of a two-part series As we showed in part 1 of this discussion , trying to use budgets as both a planning tool and an expectations setting tool can be destructive, because the self-interests Read More...
Category: Practice Insight
Author: Joseph Astrachan
Part 1 of a two-part series Are you familiar with any of the following scenarios? “My business unit leaders never set realistic budgets, I have to push them and prod them to get growth—did I hire Read More...
Category: Practice Insight
Author: Joseph Astrachan
The book The Paradox of Choice , written by Barry Schwartz and first published in 2004, posits that people, in general, suffer a loss of happiness because we have too much choice in everything we Read More...
Category: Practice Insight
Author: Doug Baumoel
Digital transformation is adapting an established business so it can continue to grow in the digital era. What does that really take? It turns out -- much to the surprise of many -- the most Read More...
Category: Practice Insight
Author: David Rogers
Assessments, tests, and evaluations are being used more routinely in businesses, and new tools are coming on the market designed specifically for family firms. In our consulting work with families Read More...
Category: Practice Insight
Author: Doug Gray, PhD
The University of St. Thomas (Minneapolis) Family Business Center in February 2023 put together a panel discussion for family firms, focusing on lessons learned from families who Read More...
Category: Practice Insight
Author: Jon Keimig
EDITOR’S NOTE: In this interview with EIX, a seasoned entrepreneur and executive sheds light on a particular pathway to growing a venture – one in which acquisitions and private equity play a Read More...
Category: Practice Insight
Author: Ted Clark
EEA Consulting Engineers is an employee-owned firm in Austin, Texas. Like all engineering companies— and many other businesses—its success depends entirely on its people. So you’d expect the Read More...
Category: Practice Insight
Author: Corey Rosen
Today women hold leadership positions in government, head up Fortune 500 companies, and oversee countless philanthropic programs. Yet in many successful family businesses, the roles of women remain Read More...
Category: Practice Insight
Author: Amy Hart Clyne
Anyone involved in a family business is no stranger to the dynamics of the family that come into play in the business. But the children of family business owners (especially founders) have specific Read More...
Category: Practice Insight
Author: Chris Yonker