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August 12, 2022 - Issue #67

Family Business Professors: 34 Ways to Energize Your Class Family Business Professors: 34 Ways to Energize Your Class These free classroom exercises, interviews and other resources will add new energy, fun and inspiration to your students' course work.
Should Your Next CEO be From Outside the Family? Should Your Next CEO be From Outside the Family? What happens when the best leader for your family business isn't part of the family? One company decided to look outside, and it improved family relationships.
How Family Businesses Can Attract and Keep the Best People How Family Businesses Can Attract and Keep the Best People We interviewed four founders of family businesses to learn about their challenges and what's working.
Team Exercise: How Parenting Styles Affect The Next Generation Team Exercise: How Parenting Styles Affect The Next Generation This experiential exercise is designed to enhance student learning about the four parenting styles and how they affect the dynamics within the family firm.
Double Trouble or Twice the Power? Double Trouble or Twice the Power?

What happens when twins run a business together? From being compared to embracing their own differences and synergies, twins can make for a remarkable family business.

August 2022
EIX, Family Business Reach New Heights: 3.5 Million Visitors EIX, Family Business Reach New Heights: 3.5 Million Visitors Together the sites attracted more than 5.8 million page views. Familybusiness.org is now the world’s most-visited website for family firms.
Learning How Family Business Leaders Make Decisions Through Interviews Learning How Family Business Leaders Make Decisions Through Interviews This exercise allows students to apply core family business concepts to a real-world business context, reinforcing their grasp of the course materials.
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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