Our Latest Articles

November 11, 2024 - Issue #130

Family History Can Be Repurposed to Serve Today's Challenges Family History Can Be Repurposed to Serve Today's Challenges The stories that families tell about their past matter.  Here are some ways that families can begin to use the past to serve their present-day goals.
How Family Firms Can Identify and Preserve Their Legacy How Family Firms Can Identify and Preserve Their Legacy Many family firms are not fully sure of their legacy and how to communicate it to others. Research suggests ways to get a better handle on it.
Separate Family Offices Can Minimize Money Problems Separate Family Offices Can Minimize Money Problems It can be dangerous to ask executive assistants or your CFO to manage your personal finances. A separate staff of calm professionals will help both business and family manage money responsibly.
'Yellowstone' Mirrors Real-Life Family Business Dramas 'Yellowstone' Mirrors Real-Life Family Business Dramas Like many family business leaders, John Dutton struggles to uphold longstanding traditions while external competitive pressures mount and next-gens clamor for change.
Family Firms Must Address Mental Health Challenges Family Firms Must Address Mental Health Challenges Anxiety, depression, and other challenges disrupt business operations and strain relationships. Ignoring them won’t make them go away.
How to Boost Your Board's Performance How to Boost Your Board's Performance On an ideal board, directors with different levels of experience, backgrounds, and interests form a cohesive team that pulls in the same direction, and that achieves more together than
Mat Hughes 'Yellowstone's' Dutton Needs a Mentor Mat Hughes

John Dutton, the patriarch of "Yellowstone," clings to his ranch's very profitable land while his business is failing. Advice from other ranchers could save him.

How to Innovate With Less
Women Encourage Candor at Family Businesses Women Encourage Candor at Family Businesses A conversation orientation in the family carries over to the business -- especially for women, who are increasingly becoming vocal heroes.
Involve Next-Gens in Developing Your Social Media Policy Involve Next-Gens in Developing Your Social Media Policy Consider a social media policy as a relatively “low-hanging fruit” to introduce the next generation to family governance work.
Consumers Love Local Brands. That's Good News For Family Businesses Consumers Love Local Brands. That's Good News For Family Businesses Being a family firm enhances a brand's local appeal and influences consumer purchasing behaviors.
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Recent
Merging With Another Family Firm is Safer and Smarter
by Francesco Chirico, Robert E Hoskisson, Seemantini Pathak, and Massimo Baù / Research Insight

Family business mergers enjoy greater harmony and better financial performance than mergers involving non-family firms. Read more...

Unready and Unadvised: The Silent Crisis in Family Wealth Transfer
by Srbuhi Avetisyan / Practice Insight

A study of 13,500 family firms shows that nearly half of heirs don’t know where the assets are -- and 3 in 5 wouldn’t know what to do if the founder died suddenly. Read more...

AI Adoption in Family Business: Balancing Trust and Tech
by Doug Gray, PhD / Practice Insight

Using AI can be risky in settings where confidentiality is key, but it can be indispensable in developing innovative services that clients expect. Here's how to harness it safely.  Read more...

A Family Council Can Help Larger Families Stay Connected
by Kimberly Eddleston / Interviews

Consider one if your family business has 15 or more relatives involved, or multiple generations. Read more...

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When Family Businesses Should Think Like Private Equity Firms
by Nadine Kammerlander and David Hoeflmayr
Why Don't You Educate Your Owners?
by Tom Rüsen, Claudia Binz Astrachan, and Ruth Orenstrat
Editorial offices located at St Thomas University

Editorial offices located at St Thomas University

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Business Families Must Get Real About Growth and Payouts
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Supported by the Richard M Schulze Family Foundation

Supported by the Richard M Schulze Family Foundation