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Our Best Advice on Using AI to Grow Your 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 in the business world in the future. We have seen it in our own Read More...

Category: Commentary

Authors: Mat Hughes and David Townsend

A Family's Non-Financial Values Shape Its Sustainability Strategy

Family businesses often have not only financial wealth but also nonfinancial values that make them different from nonfamily companies. For instance, the family’s significant control over ownership, Read More...

Category: Research Insight

Authors: Josh Hsueh , Alfredo De Massis and Luis Gomez-Mejia

Family Business Succession: Your Questions Answered

If you watch television or read the business pages, you already know that little or no succession planning at family businesses can lead to devastating consequences: back-stabbing, lawsuits, Read More...

Category: Commentary

Authors: Kimberly Eddleston and Mat Hughes

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

A Charismatic Family Business Founder Can Be a Tough Act to Follow

For all kinds of companies including family businesses, a charismatic founder or leader can bring profound benefits, especially if he or she is well-liked. It can boost sales and make it easier to Read More...

Category: Commentary

Author: Kimberly Eddleston

What If Activists Target My Company?

Conventional business wisdom holds that innovation comes from smart strategizing inside the company. However, business innovations are often prompted by factors outside of a company. Increasingly, Read More...

Category: Research Insight

Authors: Theodore L. Waldron , James C Wetherbe , Chad Navis , Elizabeth Karam and Gideon Markman

Announcing the Top 25 Finalists for e-Fest 2024

MINNEAPOLIS, March 22, 2024 -- Get ready for the return of e-Fest® to Minneapolis, MN, hosted by the University of St. Thomas from April 18-20! This year marks the 8th edition of our annual business Read More...

Category: Commentary

Author: Jennifer Gessner

Research-Based Advice for Family Businesses: Our 10 Best-Read Articles

FamilyBusiness.org aims to provide family business owners and leaders advice that helps them be more successful. One important source of advice is based on research: rigorous studies that analyze Read More...

Category: Commentary

Authors: Kimberly Eddleston and Mat Hughes

Why Do We Treat Strangers Better Than Family Members?

A big relationship problem can affect not only family businesses, but also our personal lives: We often treat friends, acquaintances, and even strangers better than our own family members.   In Read More...

Category: Interviews

Author: Kimberly Eddleston

How to Encourage Devotion Among Nonfamily Employees

Every business strives to recruit and hire the best employees and to retain them over time. Creating and nurturing a workplace environment that contributes to productivity and helps the firm achieve Read More...

Category: Research Insight

Authors: Josep Llach , Valeriano Sanchez-Famoso and Dr. Sharon M. Danes