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Innovating Without Hallucinating: Making AI Your Partner in Creativity

The rapid advancement of generative AI (GenAI) tools like ChatGPT, DALL-E, and others represents an exciting new frontier for enhancing human creativity. As these technologies gain capabilities once Read More...

Category: Applied and Practice

Authors: Judy Rady and David Townsend

Punishment, Reward, Control: How Money Shows Up in the Business Family

In popular culture, the portrayal of family businesses in movies and TV shows, such as Ridley Scott’s "House of Gucci" or HBO’s "Succession," often revolves around the pursuit of wealth and the Read More...

Category: Applied and Practice

Authors: Claudia Binz Astrachan and Anneleen Michiels

Master Three Perilous Stages of Family Business Transition

Succession is the biggest threat to the robust returns of family business ownership . If you don’t master the three perilous stages of transition, you risk damaging your family business and legacy. Read More...

Category: Applied and Practice

Author: Ryan Renteria

Sensemaking and Purpose Drive Innovation and Transformation

For startups and entrepreneur-led businesses, purpose is an outcome of an iterative sensemaking process.  Sensemaking is the underappreciated strategic activity of making sense of what is going Read More...

Category: Applied and Practice

Author: Kevin Fee

The Operating Leverage Ratio Imperative for Early Stage Ventures

Professors April Spivack  and Michael Morris integrated operating leverage as a component of a firm’s economic input when describing their Entrepreneur’s Profit Model .  Operating Read More...

Category: Applied and Practice

Author: Phil Greenwood

Do You Treat In-Laws Like the Family Business Outlaws ?

Have you heard this before? “If it wasn’t for my in-laws, our family would be fine!” Such frustrated statements are typically followed by rants about how someone spends too lavishly, does not Read More...

Category: Applied and Practice

Authors: Claudia Binz Astrachan , Joseph Astrachan and Torsten Pieper

Keep the Founder's Entrepreneurial Spirit Alive in Future Generations

Most significant wealth is created through entrepreneurship, and in many countries family business plays a large role. But once the family business is established and successful, what further Read More...

Category: Applied and Practice

Author: David Werdiger

10 Things That Help Family Businesses Preserve Their Legacy

From small shops to large multinational corporations, family-owned firms are the anchoring organization in our society. They are pervasive, expanding, and a core employer of human capital and Read More...

Category: Applied and Practice

Author: R. Adam Smith

Opportunities Abound in Africa for Entrepreneurs and Investors

Meet Jean-Paul Nageri, the son to a banana farmer in Uganda. During the early-2020 harvest, JP's dad planned to use a middleman for distribution, but the deal fell through, leaving him with one acre Read More...

Category: Applied and Practice

Authors: Margaret Ntambi and Ona Aliakai

Can Entrepreneurs Innovate Without Disrupting Industries?

Editor’s note: Prof. Carton is an expert on strategy frameworks. He is especially interested in how strategy ideas develop over time and how they get used and shared in organizations. In this Read More...

Category: Applied and Practice

Author: Guillaume Carton