Regular Issue

April 10, 2023 - Issue #87

Wealth Can be Hazardous to Future Family Business Leaders Wealth Can be Hazardous to Future Family Business Leaders Substance abuse problems, lack of motivation and failure to launch are just a few of the problems that can plague young people in wealthy families. A counselor weighs in.
The Biggest Mistakes Family Businesses Make With Their Boards The Biggest Mistakes Family Businesses Make With Their Boards Family business researcher, lecturer and advisor Claudia Astrachan discusses the top mistakes family businesses make in staffing and interacting with boards, and how to do it right.
How Family Firms Help Non-Family Employees Feel Like Family How Family Firms Help Non-Family Employees Feel Like Family Adopt programs that demonstrate commitment to stakeholders outside the family, and put non-family managers in charge of them.
What Family Businesses Need to Know About the Silicon Valley Bank Failure What Family Businesses Need to Know About the Silicon Valley Bank Failure The SVB fallout is affecting other banks and troubling many business owners. These eight steps can help you protect your firm.
How Real-Life Family Firms Manage Succession How Real-Life Family Firms Manage Succession

In this New York Times article, five family firms on the cusp of succession talk about the mistakes they made and what they're learning from the process.

April 2023
Seven Things to Consider Before Selling the Family Firm Seven Things to Consider Before Selling the Family Firm Former family business owners shared their experiences in this panel discussion hosted by the University of St. Thomas's Family Business Center.
Assessments Can Help Develop Family Business Leaders Assessments Can Help Develop Family Business Leaders From simple surveys or interviews to complex, statistically robust reporting, assessments give current and future leaders a source of objective data for better decision-making.
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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...

Perceptions of Family Firms Vary by Country: Why This Matters
by Philipp Jaufenthaler, Oliver Koll, Reinhard Prügl, and Maximilian Lude / Research Insight

Firms that signal they are family-run are usually seen as better quality and enjoy higher levels of trust, except in places like India where they're everywhere. Read more...

When the Family Leaves the Business, Can Their Values Remain?
by Roy Suddaby, Wilson Ng, Natalia Vershinina, Gideon Markman, and Matthew Cadbury / Research Insight

Researchers explored how the Cadbury family’s Quaker values, which prioritized honesty and fairness, have endured even after the confectioner was sold to Kraft. Read more...

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Developing responsible owners in family business
by Torsten Pieper and Joseph Astrachan
Editorial offices located at St Thomas University

Editorial offices located at St Thomas University