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
Self-Interest Can Skew Budgets at Family Businesses
by Joseph Astrachan / Practice Insight

Realistic budgets are powerful planning tools. But the motivations of owners, sales people, the production staff, and others can get in the way. Read more...

Why Prominent Business Families Dive Into Politics
by Marcelo Ortiz M. / Research Insight

A Chilean study found that the reasons go beyond protecting the family’s assets and economic interests. Read more...

A Secret to Success: Family Business Centers
by Kimberly Eddleston / Interviews

While family members running a business together often lean on one another for advice, they can often learn best from people running other family businesses. Read more...

Attitudes Towards Money Can Cloud Family Business Decisions
by Claudia Binz Astrachan and Anneleen Michiels / Applied and Practice

A family’s orientation towards money and wealth can harm the business and sell future generations short. Read more...

Trending
How Family Dynamics Shape Family Businesses
by Joseph Astrachan and Claudia Binz Astrachan
Managing Emotional Minefields Within Family Businesses
by Dr. Ayoosha Saleem, Francesco Barbera, Simon de Jong, and Arvid Hoffmann
Family Business Succession Planning: 10 Golden Rules
by Tom Rüsen, Torsten Groth, and Arist von Schlippe
Editorial offices located at St Thomas University

Editorial offices located at St Thomas University