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Only about a third of family businesses make it to a second generation beyond the founder. Conventional wisdom says that these firms falter because the owners didn’t have a succession Read More...
Category: Theory and Research
Authors: James Hoffman , Ritch Sorenson and Keith Brigham
It's been said that, “Once you have seen one family firm, you have seen just one family firm.” While it’s popular to say that every family firm is unique, as a researcher I take issue with the Read More...
Category: Applied and Practice
Author: Thomas Zellweger
It is well-known that only a small fraction of startups achieve long-lasting success. They often fail not because their idea is poor but because of problems executing on their idea. One area that is Read More...
Category: Theory and Research
Authors: Chuck Sacco and Aasim Sani
Many venture capital firms, business accelerators and other investors see the strength of the founding team as an important predictor of whether their investment will pay off. No wonder that Read More...
Category: Applied and Practice
Authors: Kevin Bryan and András Tilcsik
Conceptualization that is induced by the play (Kolb & Kolb. 2005). This study echoes the thesis of John Dewey (1916), one of the most influential thinkers in educational theory in the 20th Read More...
Category: Applied and Practice
Authors: Salvatore Tomaselli and Danilo Maurici
When it comes to innovation, family firms often are trapped in an “ability–willingness paradox”: the superior ability to innovate is unrealized because of fear of innovation. Our research 1 Read More...
Category: Applied and Practice
Authors: Emanuela Rondi , Alfredo De Massis and Josip Kotlar
This feature and video are part of America’s Entrepreneurs: Making it Work , a Rewire initiative made possible by the Richard M. Schulze Family Foundation and EIX, the Read More...
Category: Features
Author: Alauna Yust
(This article is part of America’s Entrepreneurs , a Next Avenue initiative made possible by the Richard M. Schulze Family Foundation and EIX, the Entrepreneur and Innovation Exchange .) Read More...
Category: Features
Author: Jessica Thiefels
Whether you are starting a family business or inheriting one, managing finances strategically helps protects both the business and the family. Yet many entrepreneurs start a business without Read More...
Category: Commentary
Author: Kimberly Eddleston
By Sharon Belanzon, Aaron K. Chatterji and Brendan Daley Business history is filled with legendary companies named for their founders: Hewlett-Packard, Procter & Gamble, Johnson & Johnson, Read More...
Category: Applied and Practice
Author: Sharon Belenzon