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Is Self-Interest Complicating Your Budget Planning Process?

  Part 1 of a two-part series Are you familiar with any of the following scenarios? “My business unit leaders never set realistic budgets, I have to push them and prod them to get growth—did Read More...

Category: Applied and Practice

Author: Joseph Astrachan

Attitudes Towards Money Can Cloud Family Business Decisions

In our work with business families, we encounter a wide range of approaches for establishing financial targets and making financial business decisions. Interestingly, such practices often diverge Read More...

Category: Applied and Practice

Authors: Claudia Binz Astrachan and Anneleen Michiels

How to Transform an Outdated Board

Creating a board of directors is not a one and done activity.  As a business grows and the business environment evolves, boards often need to be revitalized and transformed to adjust to the new Read More...

Category: Applied and Practice

Authors: Joseph Giglio and John Friar

Using AI to Grow Your Family Business

Just two years ago, generative AI was not on anyone's radar. But today, it promises to be one of the most disruptive forces for family businesses and all kinds of firms. We have seen it in our own Read More...

Category: Applied and Practice

Authors: Mat Hughes and David Townsend

A Crash Course in Hiring Your Startup's First Employees

It is always exciting when a startup grows big enough to hire beyond the founding team. It can also be frightening for the founders, because being an employer means new responsibilities: Read More...

Category: Applied and Practice

Author: Gavin Williamson

From Here to Net Zero: Entrepreneurial Opportunities in Sustainable Transportation    

The transportation industry, and the shift to renewable energy, is ripe with opportunities for entrepreneurs and innovators who yearn to help shape a more sustainable future and boost their own Read More...

Category: Applied and Practice

Authors: Oksana Gerwe and Dominique Houde

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