Profile
Member Since 2018
Public Member, EIX Editor, Family Business Editor
Joseph Astrachan
Emeritus Professor of Management / Coles College of Business Kennesaw State University / Generation6 | Family Enterprise Advisors and ,Jönköping University (CeFEO)
AUTHORED RESOURCES
Developing responsible owners in family business
41662 views
The next generation of owners is crucial to the family firm's survival. The process of getting them ready and instilling the right attitudes should start early. Read More...
COVID-19: Understanding the Board’s Key Role During a Crisis
17901 views
The board must balance the interests of family and business, and help build and preserve commitment and continuity when tough decisions must be made. Read More...
How Family Dynamics Shape Family Businesses
1703860 views
Want your family business to run more smoothly? Examine your own relationships with parents, siblings and other relatives -- and talk to one another often. Read More...
Family Businesses Must Plan for the Unthinkable
12903 views
A year ago nobody saw a pandemic coming. What we've learned: a dash of "productive paranoia" will help family business leadership anticipate future threats. Read More...
Four Things that the Best Family Business Boards Do Well
4021 views
Independent directors hold others accountable and encourage change even when firmly entrenched relationships or operating philosophies make it seem impossible. Read More...
The Best Family Business Boards Embrace Candor and 'Necessary Endings'
1949 views
Boards are there to help you be more successful. Here's more advice on how family business leaders can harness their board's full potential. Read More...
Family CEO Burnout: How to Prevent, Recognize and Deal With It
6380 views
How can leaders keep themselves from getting worn down or recognize burnout in themselves? And what should family members do if they see their leader struggling? Read More...
Don't Send Your Kids to Work Outside the Family Business Just Yet!
4643 views
It's naturally assumed that future leaders should toil in the trenches somewhere else first, but this has some significant drawbacks. Read More...
Do You Treat In-Laws Like the Family Business Outlaws ?
15991 views
Families differ in their willingness to integrate outsiders into their family circle, but be careful: these actions influence the included or excluded individuals in different ways. Read More...
Self-Interest Can Skew Budgets at Family Businesses
5858 views
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...
Family Business Budget Planning: 7 Things to Consider
4024 views
Family firms -- indeed, any entrepreneur-led business -- should put aside the self-interest of different departments, and focus first on these critical factors. Read More...
Is Self-Interest Complicating Your Budget Planning Process?
5048 views
Budgets should be used as realistic planning tools, but your sales, production, and other departments may have their own agendas. Read More...
8 Things to Consider When Planning Your Business Budget
5107 views
These considerations can guide business owners, boards, and senior leadership teams in thinking through the consequences of setting aggressive versus conservative budgets. Read More...
A False Sense of Urgency Helps Neither Family Nor Business
3788 views
Rushed decisions tend to lead to bad outcomes. So does avoiding decisions because we’re afraid of conflict. This framework helps businesses think realistically about decision urgency. Read More...
Tariffs, Turmoil, and Family Tiffs: Navigating the Current Chaos
60082 views
You can support your business through economic uncertainty and maintain unity and commitment. Read More...
Turbulence Ahead: How Businesses Can Navigate Tariffs and Uncertainty
49143 views
Legal interpretations, taxes, regulations, judicial rulings, trade agreements, and the like change daily. How to keep your business and stakeholders on an even keel. Read More...
Business Families Must Get Real About Growth and Payouts
28038 views
Sometimes the family grows much faster than the business, especially in saturated markets. This has deep implications for how we manage family and business expectations. Read More...