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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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A New Way to Resolve Extreme Conflict in Family Businesses
by Doug Baumoel and Blair Trippe / Applied and Practice

Family members may feel “trapped” in conflicts, unable to resolve substantive issues without damaging their familial relationships. This often leads to disputes that persist for decades.  Read more...

Merging With Another Family Firm is Safer and Smarter
by Francesco Chirico, Robert E Hoskisson, Seemantini Pathak, and Massimo Baù / Research Insight

Family business mergers enjoy greater harmony and better financial performance than mergers involving non-family firms. Read more...

Unready and Unadvised: The Silent Crisis in Family Wealth Transfer
by Srbuhi Avetisyan / Practice Insight

A study of 13,500 family firms shows that nearly half of heirs don’t know where the assets are -- and 3 in 5 wouldn’t know what to do if the founder died suddenly. Read more...

AI Adoption in Family Business: Balancing Trust and Tech
by Doug Gray, PhD / Practice Insight

Using AI can be risky in settings where confidentiality is key, but it can be indispensable in developing innovative services that clients expect. Here's how to harness it safely.  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
Business Families Must Get Real About Growth and Payouts
by Joseph Astrachan and George Manners
Editorial offices located at St Thomas University

Editorial offices located at St Thomas University

Popular
Tariffs, Turmoil, and Family Tiffs: Navigating the Current Chaos
by Joseph Astrachan and Claudia Binz Astrachan
Why Don't You Educate Your Owners?
by Tom Rüsen, Claudia Binz Astrachan, and Ruth Orenstrat
How Family Businesses Survive Unexpected ‘Wild Cards’
by Wojciech Czakon, Monika Hajdas, and Joanna Radomska
Too Much Love in the Family Can Hurt
by Ines Herrero and Mat Hughes
Supported by the Richard M Schulze Family Foundation

Supported by the Richard M Schulze Family Foundation