Regular issue

May 31, 2022 - Issue #62

What Olivetti Style Teaches Us About Lasting Aesthetic Legacy What Olivetti Style Teaches Us About Lasting Aesthetic Legacy Legacies of great family businesses involve our senses of touch, sight, sound, taste and smell -- all embedded in our experiences with their most iconic artifacts.
Abundant Marketing Resources Can Hinder Family Firm Innovation Abundant Marketing Resources Can Hinder Family Firm Innovation Strong market knowledge, great relationships with customers and suppliers, and a well-respected brand can actually deter family businesses from taking necessary risks to introduce something new.
Growing Pains? Advice to Recharge and Sustain Growth Growing Pains? Advice to Recharge and Sustain Growth A family firm that grows into a midsized company may be going through what Rob Sher calls the difficult "teenage years of business." How to manage the transition
To Grow, Serve Existing Customers Better or Find New Ones To Grow, Serve Existing Customers Better or Find New Ones Evaluate the market, then see if you can get more business from legacy customers or change to meet the needs of a tangential market.
Get Ready for the Next Supply Chain Disruption Get Ready for the Next Supply Chain Disruption Small companies must act now to build the capabilities that help them survive a future of unstable weather, woke consumers, political turmoil and technology disruption.
May 2022
Let the Next Generation of Family Firm Leaders Chart Their Own Path Let the Next Generation of Family Firm Leaders Chart Their Own Path Entrepreneurial and digital experiences equip next-generation family members to help the family business identify new revenue streams and grow to new heights.
Dealing with Inflation: Advice From the Experts Dealing with Inflation: Advice From the Experts Keep moving forward; adjust your product portfolio and brand; and manage your family and your money.
Celebrating Women Who Lead Family Firms Celebrating Women Who Lead Family Firms

Women leaders in family business are becoming increasingly prevalent and important. The UK's Institute for Family Business shares the stories of women in the success of family businesses.

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Family Business Stories Build a Legacy For the Next Generation
by Kimberly Eddleston / Interviews

Books, websites, videos and blogs can capture a family business's saga, with all its challenges and triumphs, and shape a powerful legacy. Read more...

Family Business Budget Planning: 7 Things to Consider
by Joseph Astrachan / Practice Insight

Family firms -- indeed, any entrepreneur-led business -- should put aside the self-interest of different departments, and focus first on these critical factors. Read more...

Daughter Continues Mom's Legacy of Helping Others
by Kimberly Eddleston / Interviews

Blessings in a Backpack can inspire any family-run business or organization that hopes to continue the founder's spirit and mission in the next generation. Read more...

Self-Interest Can Skew Budgets at Family Businesses
by Joseph Astrachan / Practice Insight

Realistic budgets are powerful planning tools. But the motivations of owners, sales people, the production staff, and others can get in the way. Read more...

Trending
How Family Dynamics Shape Family Businesses
by Joseph Astrachan and Claudia Binz Astrachan
Family Firms May Need More Legal Advice Than They Think
by Kajsa Haag, Hanna Almlöf, Marina Madsen, and Mette Neville
Family Business Succession Planning: 10 Golden Rules
by Tom Rüsen, Torsten Groth, and Arist von Schlippe
Editorial offices located at St Thomas University

Editorial offices located at St Thomas University

Popular
A Family's Non-Financial Values Shape Its Sustainability Strategy
by Josh Hsueh, Alfredo De Massis, and Luis Gomez-Mejia
Supported by the Richard M Schulze Family Foundation

Supported by the Richard M Schulze Family Foundation