Regular Issue
//May 26, 2023 - Issue #90
How Famous Family Firms Use Their History to Connect With Stakeholders Tangible items like postcards, photos or old accounting books evoke stories that become part of a family's legacy, which can create good will with the outside world. 
Why Don't You Educate Your Owners? Everyone agrees that families should train members to become competent owners and stewards of the family business – but few of them actually walk the talk.
Editor's Pick
Sherri Noxel
One Tough Mother
One Tough Mother is not an academic text but an inspirational autobiography from the late Gert Boyle. It is the story of her inheriting her father’s sporting goods business and the unexpected death of her husband when she was 46. Gert rebuilt the company that is now one of the finest examples of G3 family enterprise ownership of a publicly traded global company.
"One Tough Mother: Taking Charge in Life, Business and Apple Pies” by Gert Boyle, G2 CEO of Columbia Sportswear.
From Solo to Team: Helping Siblings Maintain Your Valuable Outside Relationships A leader’s external relationships, built over time, become important ‘social capital’ for the family firm. What happens when a team of siblings takes over?
One Family, Multiple Businesses: Preserving Harmony and Profits Families with several businesses under their umbrella face competition for resources and family attention. The right governance can help everyone thrive.
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.
FamilyBusiness.org Forges Alliance With Family Business Review Alliance will offer family-led enterprises around the world research-tested advice on how to build, manage and sustain vibrant businesses. 
FamilyBusiness.org's Editorial Guidelines for the Use of Generative AI Tools You are welcome to use these tools to help draft, revise, and/or expand on submitted articles -- but make sure you understand our rules. 
AI Helps Overcome Succession Challenges Japan, with its aging population, has a succession problem. This 32-year-old discovered a way to use AI to broker deals between companies with aging leaders. -- Kimberly Eddleston
The challenge during succession is that not every inherited element deserves to be preserved. But not every piece of the legacy is safe to disrupt, either. Read more...
Family firms need AI, but it can't build trust or regulate conflict. Here's why Brain Capital—judgment, resilience, and governance maturity—will determine whether they thrive across generations. Read more...
Research still can’t clearly explain when they deliver real value. A review shows what we know, what we don’t, and how families can close the needs-to-services gap. Read more...
Vision matters—but so does individualized consideration. This study shows nonfamily managers perform better when CEOs pair transformational leadership with genuine, personalized attention and political skill. Read more...
Editorial offices located at St Thomas University
Supported by the Richard M Schulze Family Foundation