Our Latest Articles

November 11, 2024 - Issue #130

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 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 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 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 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 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

'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 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 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 Being a family firm enhances a brand's local appeal and influences consumer purchasing behaviors.

Search & Save Enter search below to create an easy reading list

Family Business Coach or Consultant: Which Do You Need?

Multigenerational Consulting Teams Bring Wisdom and Fresh Insights

How Family Offices Can Turn Impact Investments Into Measurable Results

6 Questions to Ask Before Creating a Family Business Board

Popular Topics

Money

Financing, revenue, profits

Team

Staffing, succession, relationships

Manage

Best practices for running the business

Grow

Increase customers and revenue

Strategy

Making better decisions

Operations

How the best firms run

Recent

Before You Create a Family Office, Prepare the Next Generation

by Dennis Oteng / Commentary

A full family office may not be the first step. Strong governance can prepare younger family members to steward wealth long before a crisis forces the issue. Read more...

Why Family Businesses Shouldn't Always Listen to Wall Street

by Douglas Hassell and Kimberly Eddleston / Applied and Practice

What Nordstrom, Mars, Dillard's and Patagonia can teach family businesses about ownership structure Read more...

Selling the Family Business? Prepare the Family for What Comes Next

by Susana Quintás / Applied and Practice

A business sale changes more than ownership. Families must also rethink governance, roles, wealth, identity, and purpose after the company is gone. Read more...

How Family Business Succession Shapes Innovation in the Next Generation

by Ludovica Del Barone, Maria Annosi, Filomena Buonocore, and Evelyn Micelotta / Research Insight

Research on 16 family businesses reveals why some successors build on the previous generation’s innovations while others rarely or never innovate. Read more...

by Joseph Astrachan and Claudia Binz Astrachan

Let the Next Generation of Family Firm Leaders Chart Their Own Path

by Klaus Lüber and Nadine Kammerlander

5 Practical Tips for Making Business Decisions With Family Members

by Rostyslav Vovk

Things to Consider When Transferring Family Business Ownership

by Susan Lanz, Gary Burke, Kajsa Haag, and Omid Omidvar

How Family Businesses Can Avoid Conflict Between Family and Business Roles

by Kerry Hannon

Why Family Businesses Need Outside Leaders to Survive Across Generations

by Robert Sher