Regular issue
//January 16, 2023 - Issue #81
It’s Complicated: Managing Succession in Cases of Divorce and Adoption As families become more complex, so does planning for succession in the business. Part 1 of our 2-part series looks at how to minimize the risks for conflict.
Advice for Family Business Successors: Be Humble and Curious The bravado and doggedness that worked for Winston Churchill and Vince Lombardi won't work at family firms, which need a more supportive leadership style.
'CHAOS' Brings Order to Family Businesses Business thinking is rational and economic; families are highly emotional. Chaos can result when the two realms intermingle, but it can be minimized.
Keeping it in the Family Experienced mentors weigh in on how to keep the peace while working with your relatives.
What Matters More for Entrepreneurs: Book Smarts or Street Smarts? In environments with high levels of uncertainty, our research showed that emotionally intelligent people were far more likely to be successful.
Developing Your Business Family Strategy: Where to Start and What to Consider Successful, long-lasting business families share an understanding of what is important to them, what they want to do together, and how they want to work together to achieve their collective goals and vision.
Exiting a Business: the Challenges and Rewards Is 2023 the year you sell your business? Get ready for a thrill ride of emotions. Here's what to expect.
When a successor becomes CEO, the title may change overnight — but authority, identity and trust do not. Next-generation leaders must act like the CEO before they feel like one. Read more...
Large family firms in countries such as Ghana, Kenya, and Madagascar show that women’s leadership can thrive when families widen their view of succession. Read more...
A study of German family businesses showed that as intra-family succession becomes more difficult, families are increasingly open to selling — and intermediaries are emerging to help match owners with outside buyers. Read more...
Founder resistance is often more complicated than control. Empathy can help families understand what founders are trying to protect — and what their continued involvement may be preventing. Read more...
Editorial offices located at St Thomas University
Supported by the Richard M Schulze Family Foundation