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The Next Generation Can Help the Family Firm Innovate

  Much has been written about how family businesses can have transition problems when the founder's children take over.  Best Buy founder Richard Schulze and Ritch Sorenson of the Read More...

Category: Commentary

Authors: Richard Schulze and Ritch Sorenson

How to Pivot to Profit

feedback involves having a mentor or someone else the founder trusts ask probing questions about a problem — "What about this?" "What about that?" — until the founder concludes that a change is Read More...

Category: Features

Author: Mark Stein

Should You Tweet Like Elon? When It Pays to be Provocative

Entrepreneurs often use social media platforms like Twitter or Instagram as a low-cost way to connect with their ventures' stakeholders. Superstar entrepreneurs often use it to wield their clout, Read More...

Category: Research Insight

Authors: Benedikt Seigner , Hana Milanov , Erik Lundmark and Dean Shepherd

ADHD Can Affect Entrepreneurs’ Earnings and Business Success

The mental health crisis has affected public safety, schools, politics and business and provoked a worldwide discussion on how we can better help individuals who are suffering from mental illness. Read More...

Category: Research Insight

Authors: Vassiliki Bamiatzi and Nick Williams

How Family Firms Help Non-Family Employees Feel Like Family

Family businesses often behave in unique ways: They forego business opportunities to retain the family’s control over the business, stick to family traditions that are outdated, and prefer family Read More...

Category: Applied and Practice

Authors: Peter Jaskiewicz , Josh Hsueh , Elizabeth Tetzlaff and Giovanna Campopiano

Creating a Succession Plan for Your Business

From left to right, Kieran Culkin, Jeremy Strong, Sarah Snook and Brian Cox in HBO's "Succession."   |   Credit: Photograph by Graeme Hunter/HBO Editor’s note: This article Read More...

Category: Features

Author: Richard Eisenberg

The Biggest Mistakes Family Businesses Make With Their Boards

Family business researcher, lecturer, and advisor Claudia Binz Astrachan has studied first-hand how effective boards of directors steer family business management towards strategies that make the Read More...

Category: Interviews

Author: Kimberly Eddleston

Celebrating International Women's Day 2023

Around the globe, more and more women are taking their careers in their own hands by launching a business. Women represent one of the fastest growing segments of the entrepreneurship population Read More...

Category: Commentary

Authors: Kimberly Eddleston and Catherine Buday

How Family Businesses Survive Unexpected ‘Wild Cards’

One of the key concerns for family businesses is continuity. Unlike non-family firms, many family businesses display a longevity that may span over centuries. In order to survive such long periods, Read More...

Category: Research Insight

Authors: Wojciech Czakon , Monika Hajdas and Joanna Radomska

Advice for Family Business Successors: Be Humble and Curious

  David Bentall found out the hard way that his leadership of his family's construction and real estate firm wasn't working: his own uncle removed him from the company. Losing his job was a Read More...

Category: Interviews

Author: Kimberly Eddleston