Regular Issue

March 13, 2023 - Issue #85

Falling from Grace: How Scandals Affect Family Businesses Falling from Grace: How Scandals Affect Family Businesses Feuds, deception and bad behavior can undermine your brand and your family's image. Here are four types of scandals and some notorious examples.
How Family Businesses Survive Unexpected ‘Wild Cards’ How Family Businesses Survive Unexpected ‘Wild Cards’ From government upheaval to COVID, Poland has dealt with many devastating events over the past 30 years. Fifteen family firms told us how they survived it all.
How Family Firms Can Ensure Being Sustainable Pays Off How Family Firms Can Ensure Being Sustainable Pays Off Potential customers and employees are more likely to trust a sustainability report if they understand that a family with strong values is behind it.
Diverse Boards Help Family Businesses Expand Internationally Diverse Boards Help Family Businesses Expand Internationally Pushing into new markets across geographic borders requires a family business to be more focused on possibilities…and this is where boards can make the difference.
How to Fix Succession Conflicts Stemming From Complicated Families How to Fix Succession Conflicts Stemming From Complicated Families Warring ex-spouses, far-flung families...Part 2 of our two-part series looks at how to fix succession challenges that are already underway.
March 2023
Succession Planning Should Start Earlier Than You Think Succession Planning Should Start Earlier Than You Think It's never too early to plan for succession and get family members ready for leadership. The authors share ideas from research and practice in this video and podcast.
New Ways Business Owners Can Use Boards New Ways Business Owners Can Use Boards Boards can help family firms align the interests of owners and managers, and "keep the wheels on the bus."
The Perils of Being Bought The Perils of Being Bought

Renowned UK clothing and streetwear retailer Wellgosh, a family-owned and run business for over 35 years, will soon close -- just two years after being bought by retail giant JD Sports.

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Selling the Family Business? Prepare the Family for What Comes Next
by Susana Quintás / Applied and Practice

A business sale changes more than ownership. Families must also rethink governance, roles, wealth, identity, and purpose after the company is gone. Read more...

Why Every Family Business Leader Needs a Peer Group
by Justin Smith / Applied and Practice

More than 300 peer-group meetings show what happens when family business leaders have a trusted place to talk with people who truly understand their challenges. Read more...

Can a Family Business Consultant Really Help? Nine Experts Explain What Families Often Miss
by Holly Eddleston and Kimberly Eddleston / Practice Insight

Family business consultants often create their greatest value in unexpected ways: helping families uncover the real reasons they're stuck, have difficult conversations, and make better decisions. Read more...

Build a Family Governance Talent Pipeline Before You Need One
by Claudia Binz Astrachan / Applied and Practice

Don’t wait for a vacancy. Prepare family members now — through education, mentoring, clear expectations, and hands-on experience — to serve on boards, family councils, and committees. Read more...

Popular
The Biggest Risk to Family Wealth Isn't Investment Performance—It's Succession
by Jan-Philipp Ahrens, R. Adam Smith, Maria Giuseppina Bruna, Melania Riefolo, and Salam SAMI
'Family-Owned' or 'Family-Run'? The Words You Use Can Affect Customer Trust
by Sabrina Finkbeiner, Jan-Philipp Ahrens, Christoph Burmann, and Michael Schade
Supported by the Richard M Schulze Family Foundation

Supported by the Richard M Schulze Family Foundation