Profile

Member since 2014

Editor, Family Business Editor

Ritch Sorenson

Opus Chair in Family Business / School of Entrepreneurship / University of St. Thomas

Bio: https://www.stthomas.edu/familystudies/faculty/sorenson-ritch-.html

Authored Resources

The Family Way: How Entrepreneurial Values Help Businesses Thrive Over Generations

52377 views

Many family businesses fail to make the transition from the founder's values to a new set designed for long-term success.

Category: Applied and Practice

When Entrepreneurs Have Trouble with Monogamy: It's Their Cognitive Style

8472 views

Entrepreneurs love the heady days of launching a new business. What happens when the thrill is gone?

Category: Theory and Research

Acres of Diamonds: Advantages of Working in Your Family Business

1523 views

This exercise helps students students understand the advantages and challenges of family firms.

Category: Education and Teaching

The Next Generation Can Help the Family Firm Innovate

7672 views

Best Buy Founder Richard Shulze and Ritch Sorenson of the University of St. Thomas explore the opportunities that come with a changing of the guard.

Category: Commentary

Future Family Business Owners Can Learn to Manage Conflict

21989 views

This classroom exercise dissects the five approaches to managing disputes, and their likely outcomes.

Category: Education and Teaching

Advice for Non-Family Executives in Family Businesses

14163 views

How outsiders can navigate family dynamics, help the business thrive financially, develop strategies for the future and groom the next generation of leaders.

Category: Education and Teaching

Surprising reasons owners exit family businesses

8765 views

Concentrate less on succession planning and more on managing conflict and making the firm profitable.

Category: Theory and Research