Special Issue: Your Relationships

February 13, 2023 - Issue #83

Too Much Love in the Family Can Hurt Too Much Love in the Family Can Hurt Strong family relationships are good for business, but being too insular will blind the family to great ideas from the outside and actually hurt return on equity.
Getting Along: Straight Talk from a Family Business Veteran Getting Along: Straight Talk from a Family Business Veteran Trust people. Walk around a lot so you meet more non-relatives. And don't show off your new car when the firm is tightening the belt.
Family Emotions Can Drive Business Decisions Family Emotions Can Drive Business Decisions Because personal and business dynamics are so closely intertwined, private disagreements and personal histories inevitably spill over into the business.
Divorce Can Hollow out a Family Business — But it Doesn’t Have to Divorce Can Hollow out a Family Business — But it Doesn’t Have to It’s surprising how many business-owning families fail to properly plan for this worst case scenario. Here's advice from two experts about protecting the business.
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?
'Let’s Not Go There...'  Taboos in Family Business 'Let’s Not Go There...' Taboos in Family Business Many families dare not discuss certain topics because they want to preserve the illusion of harmony and unity. But these taboo topics are bound to erupt sooner or later.
LVMH Billionaire is Keeping it in the Family LVMH Billionaire is Keeping it in the Family

Bernard Arnault, the world's richest man, talks about his plans for his heirs in this Wall Street Journal video.

February 2023
What Families in Conflict Can Learn from Baseball and Teachers 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.
How Family Firms Can Prevent (or Cool Down) Sibling Rivalries How Family Firms Can Prevent (or Cool Down) Sibling Rivalries Koch Industries, McCain Foods and Robert Mondavi were all roiled by sibling battles. These three strategies will help you prevent it.
Future Family Business Owners Can Learn to Manage Conflict Future Family Business Owners Can Learn to Manage Conflict This classroom exercise dissects the five approaches to managing disputes, and their likely outcomes.
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Recent
How to Defuse and Recover From Family Business Conflict
by Kimberly Eddleston / Interviews

A clinical psychologist and family business advisor shares tips for cutting through emotions and focusing on conflict rationally and productively. Read more...

Helping Next-Gens Envision Their Family Firm’s Future Success
by Nadine Kammerlander and Friedrich Kammerlander / Education and Teaching

This classroom exercise seeks to motivate future family firm leaders to think ahead and design a holistic vision of their family firm in 10-15 years, covering many different (and potentially conflicting) aspects of it. Read more...

Better Let Your Brother Do It: Men Are Still Preferred in CEO Successions
by Jan-Philipp Ahrens, Melania Riefolo, Annegret Hauer, and Katharina Siegert / Research Insight

At 800 German firms, 81% chose sons over daughters in succession decisions -- and the presence of first-born sons also made them exclude outside candidates. Read more...

Unforeseen Crisis Made These Family Businesses Stronger
by Rebecca Alguera Kleine, Bingbing Ge, and Alfredo De Massis / Research Insight

The COVID-19 pandemic forced six German family firms to reckon with their identities, positioning and strategies -- and transform themselves for the better. Read more...

Trending
Developing responsible owners in family business
by Torsten Pieper and Joseph Astrachan
Why Don't You Educate Your Owners?
by Tom Rüsen, Claudia Binz Astrachan, and Ruth Orenstrat
Editorial offices located at St Thomas University

Editorial offices located at St Thomas University

Popular
When the Family Leaves the Business, Can Their Values Remain?
by Roy Suddaby, Wilson Ng, Natalia Vershinina, Gideon Markman, and Matthew Cadbury
Supported by the Richard M Schulze Family Foundation

Supported by the Richard M Schulze Family Foundation