June, 2021

June 23, 2021 - Issue #33

Foundations Give Entrepreneurs a Channel for Doing Good Foundations Give Entrepreneurs a Channel for Doing Good Foundations provide a way for entrepreneurs to address societal problems or to help organizations focused on education, health care research or the arts.
Measuring the Financial Impact of Family Businesses on the US Economy Measuring the Financial Impact of Family Businesses on the US Economy Future tax and regulatory policies will impact family businesses, their employees, the local communities they support and the economy.
Four Things that the Best Family Business Boards Do Well Four Things that the Best Family Business Boards Do Well Independent directors hold others accountable and encourage change even when firmly entrenched relationships or operating philosophies make it seem impossible.
To Encourage Innovation, Tap the Next Generation of Leaders To Encourage Innovation, Tap the Next Generation of Leaders This article and podcast explore how family businesses can keep products and services relevant and avoid playing catch-up with competitors.
Use Digital Marketing to Build Demand for Your Product Use Digital Marketing to Build Demand for Your Product Here's what you need to know about SEO, PPC, influencer marketing and content marketing -- all tools that will get you noticed.
June 2021
Should You Brand Your Family Business? Evidence from Research and Practice Should You Brand Your Family Business? Evidence from Research and Practice Touting its family ownership may help a firm impress some stakeholders, but may deter others. The family must be strategic in its branding efforts.
How Scotch Whisky is Fueling Decades of Good Works How Scotch Whisky is Fueling Decades of Good Works Without heirs, the Robertson sisters 60 years ago created an evergreen philanthropic-commercial hybrid company that remains protected from taxes and takeovers.
A Bonanza for Food Trucks A Bonanza for Food Trucks

Many restaurants were forced to close during the pandemic, but food trucks -- many of them family-run -- found a way to keep rolling, as this New York Times article points out.

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Recent
How Families Can Override Emotions to Make Better Judgments
by Paul Edelman / Practice Insight

When decisions become emotionally charged, it becomes harder to think clearly just when clear thinking is needed most. Read more...

What the Public Gets Wrong About Family Businesses
by Katie Rucker / Commentary

A new study shows that insiders see ambition, innovation, and complexity, but outsiders see tradition. Bridging that divide is key to future success. Read more...

How Families Can Move From Conflict to Forgiveness
by Kimberly Eddleston / Interviews

Set boundaries clearly and often, understand your own hot buttons, and be genuinely curious about why the other side thinks the way they do.  Read more...

What Japan's Oldest Businesses Can Teach Us About Longevity
by Peter Vogel / Commentary

Should longevity always be the goal? And if so, what exactly should endure—the operating company, a particular business model, or the family enterprise system itself? Read more...

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What Nonfamily Managers Need From Family Firm Leaders
by Mat Hughes, Alfredo De Massis, Sascha Kraus, Qilin Hu, and Yi-Ying Chang
Family Firms: Building Resilience Across Generations
by Douglas Hassell and Kimberly Eddleston
Editorial offices located at St Thomas University

Editorial offices located at St Thomas University

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Announcing Our 2024-25 Schulze Awards Winners
by Kimberly Eddleston and Mat Hughes
How Families Can Re-Engage Reluctant Successors Without Pressure
by John Cater, Roland Kidwell, Megan Harper, and Marilyn Young
Supported by the Richard M Schulze Family Foundation

Supported by the Richard M Schulze Family Foundation