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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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Family Firms: The Time to Learn About AI is Now
by Marek Kolinski and Stephanie Larscheid / Commentary

Like the telephone or the internet, AI is here to stay, and we need to learn how to work with it. Read more...

Why Some Job Seekers Avoid Family Firms
by Duygu Phillips, Kristen Madison, Sandra Wolf, Andreas Hack, and Franz Kellermanns / Research Insight

Family firm branding can make a company appear authentic, but it's also important to convey innovativeness, prestige, and a fair shot at getting ahead.  Read more...

Outsource or Hire? Advice for Family Businesses
by Kimberly Eddleston / Interviews

Ben Berger and Ron Nahass of RSM talk about the benefits of letting outside contractors handle critical business functions. Read more...

Generational Experiences Shape Family Business Leaders' Priorities
by Ileana Maldonado, Paul Sanchez, and Annaleena Parhankangas / Research Insight

Beliefs about success, responsibility, and value creation reflect the time and place in which business owners grew up. Religion and strong family ties magnified the impact. Read more...

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Consumers Love Local Brands. That's Good News For Family Businesses
by Philipp Jaufenthaler, Andreas Kallmuenzer, Sascha Kraus, and Alfredo De Massis
How Family Dynamics Shape Family Businesses
by Joseph Astrachan and Claudia Binz Astrachan
Family Firms Prosper When Shareholders Think Like Trustees
by Fabian Simons, Raphaëlle Mattart, and Heiko Kleve
When entrepreneurs raise entrepreneurs
by Nadine Kammerlander and Larissa Leitner
Editorial offices located at St Thomas University

Editorial offices located at St Thomas University

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Why Families and Their Firms Behave Badly
by Roland Kidwell, Kimberly Eddleston, Linda Kidwell, John Cater, and Ellison Howard
How to Pitch Your Startup to Attract Money
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Supported by the Richard M Schulze Family Foundation

Supported by the Richard M Schulze Family Foundation