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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Founder Succession: Six Lessons From 15 CEOs Who Actually Lived It
by Micheal Parkhurst / Applied and Practice

What happens after the founder steps aside? Interviews with successor CEOs reveal the emotional, organizational, and family dynamics that determine whether leadership transitions succeed—or stall. Read more...

Should You Make 'Family Owned' Part of Your Brand?
by Kimberly Eddleston and Ananya Mehta / Research Insight

Family ownership can build trust, credibility, and customer loyalty—but only when it reinforces something stakeholders value. Here are five questions to ask first. Read more...

How to Weigh the Consequences of Selling the Family Business
by Paul Edelman / Practice Insight

A strong valuation is not enough. Families need to understand the emotional, relational, and governance consequences of selling before they commit. Read more...

A Family Illness Can Infect the Business, Too
by Kristen Shanine, Kristen Madison, and Marilyn Whitman / Research Insight

Serious health problems can disrupt leadership, finances, customer relationships, and more. New research shows how family firms can prevent  illness from becoming a business crisis. Read more...

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How Family Dynamics Shape Family Businesses
by Joseph Astrachan and Claudia Binz Astrachan
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by Susan Lanz, Gary Burke, Kajsa Haag, and Omid Omidvar
Editorial offices located at St Thomas University

Editorial offices located at St Thomas University