Our Latest Articles

September 15, 2025 - Issue #150

Are Your Family and Business Thriving Together - Or Undermining Each Other? Are Your Family and Business Thriving Together - Or Undermining Each Other? Like organisms in nature, the relationship between family and business can be mutually beneficial or detrimental. Here's how to strengthen both spheres.
Family CEOs May Encourage More Innovation Than Non-Family Leaders Family CEOs May Encourage More Innovation Than Non-Family Leaders While professional non-family leadership may bring some advantages, the stability brought by family leaders may encourage employees to innovate without fear of failure.
Things to Consider When Transferring Family Business Ownership Things to Consider When Transferring Family Business Ownership Family business succession involves transferring ownership as well as management. Family circumstances and past events lead to three types of ownership transfers.
Addressing Substance Use Disorders in a Family Enterprise Addressing Substance Use Disorders in a Family Enterprise When a family member struggles with addiction, the consequences can ripple throughout the firm and increase its risks.
What Family Firms Can Teach Us About Work-Life Balance What Family Firms Can Teach Us About Work-Life Balance Blurring work and personal lives can lead to stress and exhaustion. Family businesses do these four things to create healthier boundaries.
Will Your Successors See Themselves as Heirs or Entrepreneurs? Will Your Successors See Themselves as Heirs or Entrepreneurs? Mentoring plays a huge role in shaping how the next generation views the role of family business leader, a study in China shows.
Hand Down the Family Business but Keep a Hand In Hand Down the Family Business but Keep a Hand In Skip-generation entrepreneurship combines the wisdom of business founders with the energy and tech savviness of their grandchildren.
Outsource or Hire?
Are the 'Best Practices' All Wrong for Your Family Business? Are the 'Best Practices' All Wrong for Your Family Business? The best processes and systems come not from outside advisers and experts, but from how families actually live, relate to one another, and make decisions. 
Family Culture Can Block (or Unlock) Innovation Family Culture Can Block (or Unlock) Innovation Low trust, resistance to change, and intergenerational communication gaps can prevent new strategies and collaboration from taking root.
Family Business Leaders' Fear of Failure Can Inhibit Next Gens Family Business Leaders' Fear of Failure Can Inhibit Next Gens When parents openly display fear of failing, it can unintentionally portray entrepreneurship as unsafe, undesirable, or even shameful. This doesn't help their successors or the business.
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Build a Family Governance Talent Pipeline Before You Need One
by Claudia Binz Astrachan / Applied and Practice

Don’t wait for a vacancy. Prepare family members now — through education, mentoring, clear expectations, and hands-on experience — to serve on boards, family councils, and committees. Read more...

Founder Succession: Six Lessons From 15 CEOs Who Actually Lived It
by Micheal Parkhurst / Applied and Practice

What happens after the founder steps aside? Interviews with successor CEOs reveal the emotional, organizational, and family dynamics that determine whether leadership transitions succeed—or stall. Read more...

Should You Make 'Family Owned' Part of Your Brand?
by Kimberly Eddleston and Ananya Mehta / Research Insight

Family ownership can build trust, credibility, and customer loyalty—but only when it reinforces something stakeholders value. Here are five questions to ask first. Read more...

How to Weigh the Consequences of Selling the Family Business
by Paul Edelman / Practice Insight

A strong valuation is not enough. Families need to understand the emotional, relational, and governance consequences of selling before they commit. Read more...

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Editorial offices located at St Thomas University

Editorial offices located at St Thomas University