Our Latest Articles

January 20, 2021 - Issue #22

A Road Map for Resurgence in 2021 A Road Map for Resurgence in 2021 With a vaccine on the way, we feel the best advice for 2021 is to focus on what comes next.  These articles from the past year can inform your game plan for the post-Covid world that will dawn in a few months.
Family Businesses Must Plan for the Unthinkable Family Businesses Must Plan for the Unthinkable A year ago nobody saw a pandemic coming. What we've learned: a dash of "productive paranoia" will help family business leadership anticipate future threats.
Five Things Family Businesses are Reckoning With Now Five Things Family Businesses are Reckoning With Now This video, also available as a podcast, explores how family businesses are balancing cherished traditions and social capital against the mandate to control costs at a time of economic peril.
Timeless Lessons from Dick Schulze Timeless Lessons from Dick Schulze While "Becoming the Best" was published a decade ago, the takeaways from Dick Schulze's book remain great operating principles for anyone who runs a business.
Looking ahead
Don't Get Too Comfortable Don't Get Too Comfortable

In this video, Harvard's Michael Tushman explains why great firms don't rest on past successes. Being innovative means getting out of your comfort zone.

How Investors Think Differently Now How Investors Think Differently Now

Our Lean Education Summit last month opened with a panel of Investors sharing their insights of what the funding environment for entrepreneurs, non-profits and small businesses will look like as the economy recovers.

Important Book about Managing Family and Business Important Book about Managing Family and Business

Don't miss this article by family business thought leader Dennis Jaffe about a new book that explores how family business owners can manage their two important roles.

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Recent
When Is a Family Business Leader Too Old?
by Salvatore Sciascia / Commentary

Recent events in the US Presidential race have focused many on the question: When is someone too old to lead? Here's how family firms can think things through. Read more...

A False Sense of Urgency Helps Neither Family Nor Business
by Joseph Astrachan and Claudia Binz Astrachan / Practice Insight

Rushed decisions tend to lead to bad outcomes. So does avoiding decisions because we’re afraid of conflict. This framework helps businesses think realistically about decision urgency. Read more...

The Next Generation Can Help the Family Firm Innovate
by Richard Schulze and Ritch Sorenson / Commentary

Best Buy Founder Richard Shulze and Ritch Sorenson of the University of St. Thomas explore the opportunities that come with a changing of the guard. Read more...

How Founders Can Stay Relevant When the Next Gen Takes Over
by Kimberly Eddleston / Interviews

A family business advisor says a change in leadership is like passing the baton in a relay race. Don't let go too abruptly. Read more...

Trending
How Family Dynamics Shape Family Businesses
by Joseph Astrachan and Claudia Binz Astrachan
Editorial offices located at St Thomas University

Editorial offices located at St Thomas University

Popular
Family Firms May Need More Legal Advice Than They Think
by Kajsa Haag, Hanna Almlöf, Marina Madsen, and Mette Neville
Supported by the Richard M Schulze Family Foundation

Supported by the Richard M Schulze Family Foundation