Our Latest Articles

May 07, 2021 - Issue #31

10 Golden Principles to Guide Your Succession Planning 10 Golden Principles to Guide Your Succession Planning While every family business is different, these guidelines can help most firms smooth out the succession process and maintain family relations as a bonus.
Succession: Don't Assume Your First-Born is the Anointed One Succession: Don't Assume Your First-Born is the Anointed One Companies that appointed a second- or subsequent-born child as their next company leader enjoyed a better return on assets than those who picked the first-born, our research showed.
Beyond Succession: Family Firms Need a Legacy Plan Too Beyond Succession: Family Firms Need a Legacy Plan Too A family venture can thrive if its values are passed along to the next generation. Defining those values is the first challenge.
Daughters prepare to lead family firms Daughters prepare to lead family firms Daughters are increasingly assuming leadership roles at family firms. In this video, two future business leaders talk about family expectations, their worries, their hopes for the future and the importance of knowing their value.
Successful Successions are Never Smooth Successful Successions are Never Smooth The people involved expect the conflict, view it as natural and do not let it get in the way of things. Here are four tips for the big handoff.
Special issue: Succession
Surprising reasons owners exit family businesses Surprising reasons owners exit family businesses Concentrate less on succession planning and more on managing conflict and making the firm profitable.
Playing the Succession Game to Ensure Family Business Continuity Playing the Succession Game to Ensure Family Business Continuity Game theory provides a mathematical way to look at sibling competition and its emotional costs -- and suggests insights for achieving the best outcome.
Dennis Jaffe on Managing Transition Dennis Jaffe on Managing Transition

A thought leader in the world of family business shared his thoughts in Forbes on how to manage the shift to the next generation of leadership.

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Why Women CEOs Offer Family Businesses an Entrepreneurial Advantage
by Kimberly Eddleston and Franz Kellermanns / Research Insight

Family firms, unlike non-family firms, value a learning-based path to entrepreneurship, which plays to women’s strengths. Read more...

Why Family Firms May Need More Legal Advice Than They Think
by Kajsa Haag, Hanna Almlöf, Marina Madsen, and Mette Neville / Research Insight

Families are often reluctant to anticipate and plan for the day when an unexpected transition might upend their business. The costs of inaction are high. Read more...

How to Defuse and Recover From Family Business Conflict
by Kimberly Eddleston / Interviews

A clinical psychologist and family business advisor shares tips for cutting through emotions and focusing on conflict rationally and productively. Read more...

Helping Next-Gens Envision Their Family Firm’s Future Success
by Nadine Kammerlander and Friedrich Kammerlander / Education and Teaching

This classroom exercise seeks to motivate future family firm leaders to think ahead and design a holistic vision of their family firm in 10-15 years, covering many different (and potentially conflicting) aspects of it. Read more...

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Better Let Your Brother Do It: Men Are Still Preferred in CEO Successions
by Jan-Philipp Ahrens, Melania Riefolo, Annegret Hauer, and Katharina Siegert
Unforeseen Crisis Made These Family Businesses Stronger
by Rebecca Alguera Kleine, Bingbing Ge, and Alfredo De Massis
Editorial offices located at St Thomas University

Editorial offices located at St Thomas University

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When the Family Leaves the Business, Can Their Values Remain?
by Roy Suddaby, Wilson Ng, Natalia Vershinina, Gideon Markman, and Matthew Cadbury
Supported by the Richard M Schulze Family Foundation

Supported by the Richard M Schulze Family Foundation