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Hiring, training, appraising and compensating the right people in the right way is a crucial element to the success of any organization. It is commonly assumed that many growing family firms are not Read More...
Category: Education and Teaching
Authors: Kimberly Eddleston and Roland Kidwell
NOTE TO TEACHERS: The downloadable supporting document (above) includes material to guide classroom discussion. This case is based on a real family business, although the specifics have been changed Read More...
Category: Education and Teaching
Authors: Kimberly Eddleston and Madison Mailey
Entrepreneurs must believe in their products or services deeply enough to explain their worth to potential customers or clients. For most, this means learning to sell for the very first time -- an Read More...
Category: Commentary
Author: Kimberly Eddleston
For some individuals, working in a family business can be an incredible gift. For others, it's a prison without any chance of parole. For those who are feeling trapped in the family Read More...
Category: Commentary
Author: Michael Klein
Family businesses are the backbone of many economies. However, many potential successors of family businesses decide not to join the family business at first, but to become entrepreneurs themselves. Read More...
Category: Applied and Practice
Authors: Nadine Kammerlander and Larissa Leitner
Family firms often face limits on the financial and human capital available to them. But in Germany, a class of small- to medium-sized businesses known as the "Mittlestand" has learned to transcend Read More...
Category: Commentary
Author: Alfredo De Massis
Joe Brito, the third-generation head of C.B. Utility Co. in Bristol, Rhode Island, started his career in the family business as a laborer. He firmly believes that anybody entering their family Read More...
Category: Commentary
Author: Kimberly Eddleston
Family businesses have unique strengths and unique problems because they blend two identities -- "family" and "business" -- whose priorities are often at odds. While the family identity nurtures Read More...
Category: Applied and Practice
Authors: Roland Kidwell and Kathryn Kloepfer
Cultures around the world acknowledge just how difficult it can be for a family-run enterprise to sustain itself over time. Many have their own version of the adage that family businesses go from Read More...
Category: Commentary
Author: Robert Sher
While the world around them is changing at a faster and faster pace in the midst of uncertainty, family firms are often a beacon of stability and dependability in our society. Although subject to the Read More...
Category: Education and Teaching
Authors: Franz Kellermanns and Nadine Kammerlander