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
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...

Trending
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