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September 12, 2022 - Issue #70

Firm But Flexible Parents Raise the Best Family Business Leaders Firm But Flexible Parents Raise the Best Family Business Leaders Overly strict and overly permissive parents are not doing their children or the family business any favors. "Authoritative" parents have the best results.
What All Family Businesses Can Learn From the Merck Family What All Family Businesses Can Learn From the Merck Family The Germany-based global health care, pharmaceutical and performance materials firm has kept its vast family ownership team aligned for 13 generations.
Women Can Help Family Firms Innovate – but Socioemotional Factors Matter Women Can Help Family Firms Innovate – but Socioemotional Factors Matter Even as more women step into leadership roles at family firms, long-held attitudes and practices may prevent the business from realizing all the benefits they can bring.
How to Keep Remote Workers Inspired and Engaged How to Keep Remote Workers Inspired and Engaged Tradition-bound businesses will need to change how they manage people to keep them happy and focused on achieving business goals.
Be Yourself: Advice For Women in Professional Services Businesses Be Yourself: Advice For Women in Professional Services Businesses Women in finance and other businesses that sell advice can struggle in male-dominated cultures -- but they can flourish in their own businesses. These tips from financial advisors can help.
September 2022
Family CEO Burnout: How to Prevent, Recognize and Deal With It Family CEO Burnout: How to Prevent, Recognize and Deal With It How can leaders keep themselves from getting worn down or recognize burnout in themselves? And what should family members do if they see their leader struggling?
'Big Family:' Relatives Outside the Family Business Can Help It Thrive 'Big Family:' Relatives Outside the Family Business Can Help It Thrive Too often, family businesses are caught up in their own small circle of relationships. Expanding that circle provides fresh perspectives and helps them thrive.
Rest in Peace, Your Majesty Rest in Peace, Your Majesty

All of us at familybusiness.org mourn Queen Elizabeth II's passing, and reflect on her unflagging class and dignity in leading one of the world's most visible and remarkable families.

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How to Boost Your Board's Performance
by Lars B. Sonderegger and Claudia Binz Astrachan / Practice Insight

On an ideal board, directors with different levels of experience, backgrounds, and interests form a cohesive team that pulls in the same direction, and that achieves more together than Read more...

Separate Family Offices Can Minimize Money Problems
by Kimberly Eddleston / Interviews

It can be dangerous to ask executive assistants or your CFO to manage your personal finances. A separate staff of calm professionals will help both business and family manage money responsibly. Read more...

Women Encourage Candor at Family Businesses
by Kristen Shanine and Kristen Madison / Research Insight

A conversation orientation in the family carries over to the business -- especially for women, who are increasingly becoming the family firm's Read more...

Family Firms Must Address Mental Health Challenges
by Andrew Keyt / Commentary

Anxiety, depression, and other challenges disrupt business operations and strain relationships. Ignoring them won’t make them go away. Read more...

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How Family Dynamics Shape Family Businesses
by Joseph Astrachan and Claudia Binz Astrachan
Editorial offices located at St Thomas University

Editorial offices located at St Thomas University

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Helping Next-Gens Envision Their Family Firm’s Future Success
by Nadine Kammerlander and Friedrich Kammerlander
Family Business Succession Planning: 10 Golden Rules
by Tom Rüsen, Torsten Groth, and Arist von Schlippe
Supported by the Richard M Schulze Family Foundation

Supported by the Richard M Schulze Family Foundation