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.

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CEOs Who've Been Mentored Achieve Better Financial Results

Family Leaders: Can Your Business Still Sail Without You?

5 Practical Tips for Making Business Decisions With Family Members

A New Way to Resolve Extreme Conflict in Family Businesses

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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...

by Joseph Astrachan and Claudia Binz Astrachan

The Paradox of Choice: Wealth's Impact on Family Potential

by Doug Baumoel

Retirement Options and their Consequences for Small Business Owners

by Valeria Alterman and Ariane Froidevaux

Why Don't You Educate Your Owners?

by Tom Rüsen, Claudia Binz Astrachan, and Ruth Orenstrat

Future Family Business Owners Can Learn to Manage Conflict

by Ritch Sorenson