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
Can a Family Business Consultant Really Help? Nine Experts Explain What Families Often Miss
by Holly Eddleston and Kimberly Eddleston / Practice Insight

Family business consultants often create their greatest value in unexpected ways: helping families uncover the real reasons they're stuck, have difficult conversations, and make better decisions. Read more...

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...

'Family-Owned' or 'Family-Run'? The Words You Use Can Affect Customer Trust
by Sabrina Finkbeiner, Jan-Philipp Ahrens, Christoph Burmann, and Michael Schade / Research Insight

Family businesses often promote their ownership and heritage to build trust. Research suggests that “family-run” may send a stronger message than “family-owned” — and that adding more heritage claims can sometimes backfire. 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...

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How Family Dynamics Shape Family Businesses
by Joseph Astrachan and Claudia Binz Astrachan
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