Our Latest Articles

December 21, 2020 - Issue #20

Three Strengths that Can Help Family Firms Survive Covid Three Strengths that Can Help Family Firms Survive Covid The good news is that for many family businesses the challenges and invitations offered by the pandemic can allow them to emerge stronger than ever, both as families and as enterprises.
Sherri Noxel

Editor's Pick

Sherri Noxel

'Letting Go'

Oregon winery entrepreneur Susan Sokol Blosser is one of the founders of Oregon’s wine industry and a prolific writer. In “Letting Go” she captured the very personal and painful journey of exiting a family business that she founded. It’s the type of honest book about succession that is hard to find. Her first book, “Gracious and Ruthless: Surprising Strategies for Business Success,” shares her point of view as a woman founder in a traditionally male industry.

http://www.susansokolblosser.com
Everyday Gratitude in Times of Uncertainty Everyday Gratitude in Times of Uncertainty A timely message for the holiday season: Gratitude leads to better relationships. It's also good business because it encourages loyalty among our colleagues, especially in times of crisis.
Developing responsible owners in family business Developing responsible owners in family business The next generation of owners is crucial to the family firm's survival. The process of getting them ready and instilling the right attitudes should start early.
December 2020
Leadership Lessons from Great Family Businesses Leadership Lessons from Great Family Businesses

Family businesses are a thriving economic engine, but many struggle to make it from one generation to the next. This article deconstructs what makes them viable for the long term.

Innovating While Preserving Tradition Innovating While Preserving Tradition

Venerable family firms that have been successful through the decades still must innovate. Here is how the leader of one Dutch firm balances tradition and modernization.

Surprising Winners in the Pandemic Surprising Winners in the Pandemic

While more than a quarter of small businesses have closed, some are doing surprisingly well, as this New York Times article points out.

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How Families Shape Successor Motivation—and the Firm’s Long-Term Direction
by Alexandra Dawson / Research Insight

Family firms don’t have goals—people do. The rise and fall of Italy's Florio dynasty shows how successor motivation shapes the balance between growth, legacy, and community—and how families can buildl more durable, values-led leadership. Read more...

Family Offices Are Expanding Their Role
by Peter Vogel / Applied and Practice

As family attitudes towards wealth, purpose, and legacy evolve, their offices are doing more than just managing wealth, a study shows. Read more...

Will Your Nonfamily Employees Defend Your Business? 
by Sarah Burrows, Craig Crossley, Catherine Faherty, and Jim Combs / Research Insight

A stewardship climate, where employees feel trusted and truly valued, mobilizes nonfamily employees to defend the family firm against reputational threats.   Read more...

You're Adding a Board of Directors. Is Your Management Team Ready?
by Rostyslav Vovk / Commentary

A Ukraine-based family business installed a board to provide structure as it scaled globally. Here's how the owners overcame top managers' fears and won their support. Read more...

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From 'Passing Down' to 'Building Up': Rethinking Values in Family Firms
by Viktoria Luft, Anne Katarina Heider, Heinrich Liechtenstein, and Tarek el Sehity
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

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Supported by the Richard M Schulze Family Foundation

Supported by the Richard M Schulze Family Foundation