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Five Things Family Businesses are Reckoning With Now
Family businesses everywhere are responding to Covid-19 in profound ways, balancing the need to preserve cherished family traditions and social capital against the mandate to control costs at
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Commentary
Winemakers Provide Lessons on Resilience
Like old vineyards that still produce great wines, older family businesses thrive across many generations developing resilient responses in the face of competition, market shifts and family
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Category:
Research Insight
Entrepreneurship comes in different forms, and the experience of being a solo entrepreneur - or a “company of one” - is a form that’s attracting a great deal of interest today. In this Q&A
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Category:
Interviews
Entrepreneurs often face critical decisions for their firms in the midst of considerable uncertainty and great risk. Effective crisis management requires that decision makers make choices even when
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Category:
Commentary
Author:
Jamie D. Collins
Be Part of An Important Survey About Coping With Covid-19
While the pandemic has created economic turmoil, family and business disruption, and challenges that could last a lifetime, it also presents a unique opportunity to learn and improve family business
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Category:
Commentary
Author:
Kimberly Eddleston
The damage inflicted by COVID-19 on small businesses is unprecedented in our lifetime. It’s hard to think about anything other than the pandemic, but as Albert Einstein noted, “in the midst of
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Category:
Commentary
Clay Christensen, the Harvard Business School educator who passed away in January 2020, changed the way people around the world think of innovation. Through widely-read books, such as "The
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Category:
Commentary
Author:
Daniel Forbes
Surprising reasons owners exit family businesses
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
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Category:
Theory and Research
EDITOR’S NOTE: Steve Blank, who has founded or co-founded eight startups, is best known as the Father of Modern Entrepreneurship and is credited with launching the Lean Startup movement, which for
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Category:
Commentary
Author:
Steve Blank
Unlocking the Innovation Potential of Family Firms: An Assessment Tool
When it comes to innovation, family firms often are trapped in an “ability–willingness paradox”: the superior ability to innovate is unrealized because of fear of innovation. Our research 1
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Category:
Applied and Practice
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