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How to Defuse and Recover From Family Business Conflict

The emotional conflicts that beset family businesses can be difficult to weather. Heidi Vermeer-Quist, a clinical psychologist, family business consultant, and third-generation shareholder of Read More...

Category: Interviews

Author: Kimberly Eddleston

Helping Next-Gens Envision Their Family Firm’s Future Success

A comprehensive and convincing vision is crucial in helping family businesses be successful over generations. However, many lectures and course exercises that prepare future leaders merely ask Read More...

Category: Education and Teaching

Authors: Nadine Kammerlander and Friedrich Kammerlander

How to Turn a Hobby Into a Business

Courtney Burton has spent most of her career in the retail industry. She was a merchant for several major companies, including Target, CVS, Albertson's and Lane Bryant. For the last 11 years of her Read More...

Category: Features

Author: Chris Farrell

Better Let Your Brother Do It: Men Are Still Preferred in CEO Successions

Many business owners do not like to think about succession – it means confronting their own mortality – but at some point, every family business must deal with succession planning (Ahrens, 2020). Read More...

Category: Research Insight

Authors: Jan-Philipp Ahrens , Melania Riefolo , Annegret Hauer and Katharina Siegert

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

Micro Venture Capital: A Growing Source of Startup Funding

The venture capital industry has witnessed a surge in investments by micro venture capital (or “micro VC”) firms, which have emerged as a crucial player in the startup ecosystem. These are Read More...

Category: Research Insight

Authors: Mario Daniele Amore , Annamaria Conti and Valerio Pelucco

Unforeseen Crisis Made These Family Businesses Stronger

Pandemics, wars, and natural disasters can have a significant impact on the economy and its organizations. Such events are called “exogenous shocks” because they come without warning from Read More...

Category: Research Insight

Authors: Rebecca Alguera Kleine , Bingbing Ge and Alfredo De Massis

A Sweet Dream Comes True

Maureen and Jim Elitzak are known around Scottsdale, Arizona, for their exquisite bonbons, bars, brownies and caramels, which can be found at Zak's Chocolate , the shiny shop where they make Read More...

Category: Features

Author: Ellen Ryan

Does Social Spending Discourage Entrepreneurship?

The importance of entrepreneurship to the economy is well established. Entrepreneurship drives economic growth and helps to solve society’s intractable problems, from curing disease to lowering Read More...

Category: Research Insight

Authors: Eric Liguori , Matt Marvel , Shelby Solomon and Joshua Bendickson

Perceptions of Family Firms Vary by Country: Why This Matters

Research shows that family businesses enjoy numerous reputational benefits in their relationships with stakeholders ( Astrachan , 2021). Customers usually believe they provide better quality; Read More...

Category: Research Insight

Authors: Philipp Jaufenthaler , Oliver Koll , Reinhard Prügl and Maximilian Lude