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Family businesses, and the wealth they create, are run by human beings, who can be impulsive. When the wealth is substantial, often an impartial third party is the best choice to manage this wealth Read More...
Category: Interviews
Author: Kimberly Eddleston
For business or emotional reasons, sometimes one family ends up with more than one business under its umbrella. An entrepreneurial, ambitious family member may want to launch a new venture, or a Read More...
Category: Interviews
Author: Kimberly Eddleston
Assessments, tests, and evaluations are being used more routinely in businesses, and new tools are coming on the market designed specifically for family firms. In our consulting work with families Read More...
Category: Practice Insight
Author: Doug Gray, PhD
While boards of directors are common at large firms and nonprofits, family businesses don't always see their value or understand how to use them well. However, according to consultant Read More...
Category: Commentary
Author: Kimberly Eddleston
Successful, long-lasting business families share an understanding of what is important to them, what they want to do together, and how they want to work together to achieve their collective goals and Read More...
Category: Applied and Practice
Authors: Tom Rüsen , Isabel C Botero , Arist von Schlippe and Torsten Groth
Many people make the mistake of thinking that family businesses are simple businesses. Nothing could be further from the truth. The coexistence of two systems with differing ways of thinking—the Read More...
Category: Commentary
Author: Salvatore Sciascia
Like almost all family businesses, Commercial Casework in Hayward, California had to plan for when family owners would want to sell. The company, with about 100 employees, is one of the San Francisco Read More...
Category: Commentary
Author: Corey Rosen
Around Europe and elsewhere, the number of women in leadership roles is going up, and they are having a measurable impact on innovation and profits. Many researchers have found that having more women Read More...
Category: Research Insight
Authors: Jonathan Bauweraerts , Emanuela Rondi , Paola Rovelli , Alfredo De Massis and Salvatore Sciascia
The Merck family business dates back to this apothecary, founded in 1668. The German Merck family has succeeded where many business families have failed: Keeping a group of 319 family members, Read More...
Category: Commentary
Authors: Tom Rüsen , Claudia Binz Astrachan and Frank Stangenberg-Haverkamp
In her discussion with Matt Nielsen of Nielsen-Massey Vanillas International, Editor Kimberly Eddleston goes into a sensitive topic for many family firms: whether an outside leader is better equipped Read More...
Category: Interviews
Author: Kimberly Eddleston