Regular Issue

May 26, 2023 - Issue #90

How Famous Family Firms Use Their History to Connect With Stakeholders 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? 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.
Sherri Noxel

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 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 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 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 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 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 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

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Recent
Daughter Continues Mom's Legacy of Helping Others
by Kimberly Eddleston / Interviews

Blessings in a Backpack can inspire any family-run business or organization that hopes to continue the founder's spirit and mission in the next generation. Read more...

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...

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
Family Firms May Need More Legal Advice Than They Think
by Kajsa Haag, Hanna Almlöf, Marina Madsen, and Mette Neville
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

Popular
A Family's Non-Financial Values Shape Its Sustainability Strategy
by Josh Hsueh, Alfredo De Massis, and Luis Gomez-Mejia
Supported by the Richard M Schulze Family Foundation

Supported by the Richard M Schulze Family Foundation