Celebrating the Family

December 09, 2024 - Issue #132

How Three Women Upheld Family Values and Thrived Despite Adversity How Three Women Upheld Family Values and Thrived Despite Adversity A family's enduring values, fully believed and truly lived, can be a compass in hard times and a competitive advantage.
How Family Firms Help Non-Family Employees Feel Like Family How Family Firms Help Non-Family Employees Feel Like Family Adopt programs that demonstrate commitment to stakeholders outside the family, and put non-family managers in charge of them.
Sherri Noxel

Editor's Pick

Sherri Noxel

One Tough Mother

One Tough Mother is not an academic text but an inspirational autobiography from the late Gert Boyle. It is the story of her inheriting her father’s sporting goods business and the unexpected death of her husband when she was 46. Gert rebuilt the company that is now one of the finest examples of G3 family enterprise ownership of a publicly traded global company.

https://www.amazon.com/One-Tough-Mother-Taking-Business/dp/0786719141
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.
'Big Family:' Relatives Outside the Family Business Can Help It Thrive 'Big Family:' Relatives Outside the Family Business Can Help It Thrive Too often, family businesses are caught up in their own small circle of relationships. Expanding that circle provides fresh perspectives and helps them thrive.
Strategies for Keeping Your Family Connected Strategies for Keeping Your Family Connected We continue our discussion with Mitzi Perdue, widow of Frank and daughter of a Sheraton Hotels founder, who shares what she's learned about family unity.
How Family Dynamics Shape Family Businesses How Family Dynamics Shape Family Businesses Want your family business to run more smoothly? Examine your own relationships with parents, siblings and other relatives -- and talk to one another often.
A Family's Enduring Connection
The Making of Successful Female Family-Enterprise Leaders The Making of Successful Female Family-Enterprise Leaders Our discussions with 46 women from family firms around the world yielded insights about their challenges, their strengths and their influences -- including grandmothers.
Do Family Meals Fuel Entrepreneurship in Family Businesses? Do Family Meals Fuel Entrepreneurship in Family Businesses? Families with diverse education and industry experience fuel the fire of entrepreneurship when they dine together frequently. 
Keeping it in the Family Keeping it in the Family Experienced mentors weigh in on how to keep the peace while working with your relatives.
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Your Investment Strategy Should Reflect Your Family Values and Goals
by Claudia Binz Astrachan, Anneleen Michiels, Massimo Baù, and Chris Graves / Practice Insight

A family investment policy defines how a family manages its collective financial assets in alignment with its shared values, goals, and risk preferences. Read more...

Families Can Overcome Generational Conflicts Over Technology
by Maria Annosi, Mat Hughes, Davide de Gennaro, Roberta Oppedisano, and Filomena Buonocore / Research Insight

A study of Italian firms shows how differences can be resolved, so the company can honor tradition and still make progress. Read more...

Ready to Lead: Building Confidence Across Generations
by Paul Edelman / Applied and Practice

When families treat readiness as something they cultivate together, the handoff feels less like a loss and more like a natural next step. Read more...

Define Your Legacy, and Strengthen Your Business and Your Impact
by Matthew Fox, Kimberly Wade-Benzoni, and Jeffrey Covin / Research Insight

Unless you clearly define what you want your legacy to be, your successors will interpret it in their own way -- and it might not be what you intended.  Read more...

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Things to Consider When Transferring Family Business Ownership
by Susan Lanz, Gary Burke, Kajsa Haag, and Omid Omidvar
Editorial offices located at St Thomas University

Editorial offices located at St Thomas University