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Successful, long-lasting business families share an understanding of what is important to them, what they want to do together, and how they want to work together to achieve their collective goals and Read More...
Category: Applied and Practice
Authors: Tom Rüsen , Isabel C Botero , Arist von Schlippe and Torsten Groth
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
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