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Ritch Sorenson, Professor of Family Business at the University of St Thomas in Minneapolis, once worked at a bank founded by his grandfather. When it closed, he felt a personal loss that Read More...
Category: Education and Teaching
Author: Ritch Sorenson
The purpose of this exercise is to help students understand the advantages and challenges of working in a family business or of being in a business family. Some students who have Read More...
Category: Education and Teaching
Author: Ritch Sorenson
The purpose of this class project is to help family business students understand the complexities of family business management by requiring them to integrate multiple principles and lessons and to Read More...
Category: Education and Teaching
Author: Kimberly Eddleston
Much has been written about how family businesses can have transition problems when the founder's children take over. Best Buy founder Richard Schulze and Ritch Sorenson of the Read More...
Category: Commentary
Authors: Richard Schulze and Ritch Sorenson
Nothing turns an entrepreneur’s head faster than a glittering opportunity and the chance to pursue it with laser-like focus. But after the launch, when the novelty wears off and the day-to-day Read More...
Category: Theory and Research
Authors: Keith Brigham , Ritch Sorenson and James Hoffman
Family firms enjoy a competitive advantage when they organize around a set of strong values. A study of large family businesses such as Cargill, IKEA, Tyson Foods, and Bechtel (Miller and Le Read More...
Category: Applied and Practice
Author: Ritch Sorenson
Regulations can destroy even the best entrepreneurial dream. To help entrepreneurship thrive in this nation, Institute for Justice (IJ) a public interest law firm that has successfully defended Read More...
Category: Commentary
Authors: John Kramer and Nick Sibilla
Dick Schulze, the founder of Best Buy and EIX, shares his experiences as an entrepreneur and innovator, including how he tripled his income from his boyhood paper route; quit a retail job when his Read More...
Category: Interviews
Author: James C Wetherbe