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Many people make the mistake of thinking that family businesses are simple businesses. Nothing could be further from the truth. The coexistence of two systems with differing ways of thinking—the Read More...
Category: Commentary
Author: Salvatore Sciascia
Part 1 of 2 -- Family business succession planning clearly is among a family business’s most challenging events and plenty of experts have weighed in on how to do it right. However, most of Read More...
Category: Applied and Practice
Authors: Nadine Kammerlander and Leona Rethmann
Family businesses are unique because the family values held by their founders shape the very fabric of the business. It goes without saying that finding ways to instill those values into the business Read More...
Category: Applied and Practice
Authors: Boyka Simeonova and Mat Hughes
As we all know, successions and family business succession planning are rarely easy, but unexpected transitions pose a significant risk to family businesses. When Herbert Fisk Johnson, Sr., the Read More...
Category: Commentary
Author: David Deeds
In her second interview with Familybusiness.org, Mitzi Perdue shares strategies from her book entitled How to Keep Your Family Connected. This workbook, which complements her book How to Make Read More...
Category: Interviews
Author: Kimberly Eddleston
While the holidays are supposed to bring magic and joy to people’s lives, they are also an immense source of family business conflict, anxiety, and stress. Family can be the root cause of this Read More...
Category: Commentary
Author: Kimberly Eddleston
There is no one-size-fits-all approach to family business succession planning. Every situation is different and every family is uniquely complex. However, some principles appear to transcend culture Read More...
Category: Applied and Practice
Authors: Tom Rüsen , Torsten Groth and Arist von Schlippe
By Shital Jayantilal, Silvia Ferreira Jorge and Tomas M. Banegil Palacios Family businesses are especially conflict-prone, since sibling rivalry and other emotional undercurrents sometimes cloud Read More...
Category: Research Insight
Authors: Shital Jayantilal , Sílvia Jorge and Tomas M. Bañegil Palacios
In this interview, Joseph Astrachan – one of the world’s most well-versed experts on dealing with issues pertaining to business families – shares his thoughts on family dynamics and family Read More...
Category: Commentary
Authors: Joseph Astrachan and Claudia Binz Astrachan
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