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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Fair Does Not Always Mean Equal: Ownership Decisions in Family Business
by Claudia Binz Astrachan, Lindsay Hardie, and Joseph Astrachan / Practice Insight

Families often struggle to decide whether shares should be divided equally among children or reflect leadership, sacrifice, and “sweat equity.” Read more...

Strong Family Businesses Think Short Term and Long Term at the Same Time
by Vanessa Diaz Moriana, Eric Clinton, Catherine Faherty, and Colm O'Gorman / Research Insight

In a crisis, family firms cannot afford to focus only on immediate survival or future legacy. The most resilient ones do both, drawing on past lessons, trusted relationships, and long-standing networks. Read more...

Helping Daughters Become Successful Family Business Leaders
by Simon Caspary and Tom Rüsen / Applied and Practice

Daughters can become strong and credible successors when families involve them early, clarify authority, support professional development, and make room for new models of leadership. Read more...

The Hidden Fault Lines That Threaten Family Enterprises
by Matthew Crudgington and Peter Vogel / Practice Insight

From death and divorce to disruption and disrepute: these 12 hidden risks can weaken family enterprises over time. Read more...