Timely and Timeless Advice for 2023

December 19, 2022 - Issue #79

Thicker Than Water: Balancing Individual Career Goals and the Family Business Whose aspirations are being fulfilled with family company employment – the individual’s, the family’s, or both? This study explores the fault lines where individual and group needs meet.

Family Business Experts: How to Survive the Holidays We're republishing this popular article from year-end 2019, which includes timeless advice about getting along from our family business editors.

'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.

Innovating With Agility: Tips and Tricks for Resurgence and Growth Any crisis brings opportunities to rethink what your family business can do or should do moving into the future. This article and podcast will stimulate reflection.

What Families in Conflict Can Learn from Baseball and Teachers Using a hybrid of mediation and arbitration offers a real chance to preserve family relationships during a difficult period of conflict.

December 2022

Family Businesses: The Greener, the Better? To get the best payback from environmental initiatives, look to younger generations and non-family members inside and outside the firm.

Dealing with Inflation: Advice From the Experts Keep moving forward; adjust your product portfolio and brand; and manage your family and your money.

Winemakers Provide Lessons on Resilience For venerable winemakers who’ve survived for generations, resilience is very subjective, and perception shapes how they pursue it.

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Why Enterprising Families Need a Code of Conduct

Will Your Family Brand Survive New Leadership?

From 'Passing Down' to 'Building Up': Rethinking Values in Family Firms

Families Can Overcome Generational Conflicts Over Technology

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Recent

Your Investment Strategy Should Reflect Your Family Values and Goals

by Claudia Binz Astrachan, Anneleen Michiels, Massimo Baù, and Chris Graves / Practice Insight

A family investment policy defines how a family manages its collective financial assets in alignment with its shared values, goals, and risk preferences. Read more...

Ready to Lead: Building Confidence Across Generations

by Paul Edelman / Applied and Practice

When families treat readiness as something they cultivate together, the handoff feels less like a loss and more like a natural next step. Read more...

Define Your Legacy, and Strengthen Your Business and Your Impact

by Matthew Fox, Kimberly Wade-Benzoni, and Jeffrey Covin / Research Insight

Unless you clearly define what you want your legacy to be, your successors will interpret it in their own way -- and it might not be what you intended. Read more...

The World is Changing Faster Than Your Strategy

by Torsten Pieper, Claudia Binz Astrachan, Francesco Chirico, and Annika Ehlers / Research Insight

Families that learn to use their cohesion, trust, and long-term orientation as strengths can implement strategies more effectively than their non-family peers, especially in times of uncertainty. Read more...

by Susan Lanz, Gary Burke, Kajsa Haag, and Omid Omidvar

Let the Next Generation of Family Firm Leaders Chart Their Own Path

by Klaus Lüber and Nadine Kammerlander

Listening to the Family: The Strategic Value of Surveys

by Claudia Binz Astrachan

Here Are the Next Gen's Biggest Worries

by Kimberly Eddleston

How to Plan for a Successful Succession

by Richard Eisenberg

Invite Your Next Gens to Leadership

by Kimberly Eddleston