Our Latest Articles

November 20, 2023 - Issue #102

Here's Why Family Businesses Need Branding Here's Why Family Businesses Need Branding For family firms, branding is not about marketing but about reputation -- how customers, employees, suppliers and others perceive them.
Keep the Founder's Entrepreneurial Spirit Alive in Future Generations Keep the Founder's Entrepreneurial Spirit Alive in Future Generations While entrepreneurship often creates the family's wealth, making it part of the family culture and legacy is another matter entirely. Here's how.
Good Intentions Can Sow Dysfunction at Family Businesses Good Intentions Can Sow Dysfunction at Family Businesses A family business advisor talks about what well-meaning families get wrong about succession, conflict, and salaries, and what they can learn from watching "Cake Boss."
Help Your Family Business by Helping Others Help Your Family Business by Helping Others Philanthropy can be a catalyst for leadership development, and generate support and good will towards the business in the community.
Do You Treat In-Laws Like the Family Business Outlaws ? Do You Treat In-Laws Like the Family Business Outlaws ? Families differ in their willingness to integrate outsiders into their family circle, but be careful: these actions influence the included or excluded individuals in different ways.
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Family Business Succession, Innovation, and Compensation: What You Need to Know Family Business Succession, Innovation, and Compensation: What You Need to Know A family business scholar and a consultant discuss family values; succession planning; compensation for family and non-family members; and being bold without burning through resources.
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How Families Shape Successor Motivation—and the Firm’s Long-Term Direction
by Alexandra Dawson / Research Insight

Family firms don’t have goals—people do. The rise and fall of Italy's Florio dynasty shows how successor motivation shapes the balance between growth, legacy, and community—and how families can buildl more durable, values-led leadership. Read more...

Will Your Nonfamily Employees Defend Your Business? 
by Sarah Burrows, Craig Crossley, Catherine Faherty, and Jim Combs / Research Insight

A stewardship climate, where employees feel trusted and truly valued, mobilizes nonfamily employees to defend the family firm against reputational threats.   Read more...

You're Adding a Board of Directors. Is Your Management Team Ready?
by Rostyslav Vovk / Commentary

A Ukraine-based family business installed a board to provide structure as it scaled globally. Here's how the owners overcame top managers' fears and won their support. Read more...

The 11 Digital Warning Signs of Conflict Escalation in Business Families
by Christina Strauss, Arist von Schlippe, Franz Kellermanns, and Torsten Pieper / Research Insight

Digital communication speeds up family business decisions—but it also accelerates conflict. Based on 100+ pages of real emails and texts, here are 11 signs that an all-out brawl is coming. Read more...

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From 'Passing Down' to 'Building Up': Rethinking Values in Family Firms
by Viktoria Luft, Anne Katarina Heider, Heinrich Liechtenstein, and Tarek el Sehity
Editorial offices located at St Thomas University

Editorial offices located at St Thomas University

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Things to Consider When Transferring Family Business Ownership
by Susan Lanz, Gary Burke, Kajsa Haag, and Omid Omidvar
Supported by the Richard M Schulze Family Foundation

Supported by the Richard M Schulze Family Foundation