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Succession is the biggest threat to the robust returns of family business ownership . If you don’t master the three perilous stages of transition, you risk damaging your family business and legacy. Read More...
Category: Applied and Practice
Author: Ryan Renteria
For startups and entrepreneur-led businesses, purpose is an outcome of an iterative sensemaking process. Sensemaking is the underappreciated strategic activity of making sense of what is going Read More...
Category: Applied and Practice
Author: Kevin Fee
Professors April Spivack and Michael Morris integrated operating leverage as a component of a firm’s economic input when describing their Entrepreneur’s Profit Model . Operating Read More...
Category: Applied and Practice
Author: Phil Greenwood
Have you heard this before? “If it wasn’t for my in-laws, our family would be fine!” Such frustrated statements are typically followed by rants about how someone spends too lavishly, does not Read More...
Category: Applied and Practice
Authors: Claudia Binz Astrachan , Joseph Astrachan and Torsten Pieper
Most significant wealth is created through entrepreneurship, and in many countries family business plays a large role. But once the family business is established and successful, what further Read More...
Category: Applied and Practice
Author: David Werdiger
From small shops to large multinational corporations, family-owned firms are the anchoring organization in our society. They are pervasive, expanding, and a core employer of human capital and Read More...
Category: Applied and Practice
Author: R. Adam Smith
Meet Jean-Paul Nageri, the son to a banana farmer in Uganda. During the early-2020 harvest, JP's dad planned to use a middleman for distribution, but the deal fell through, leaving him with one acre Read More...
Category: Applied and Practice
Authors: Margaret Ntambi and Ona Aliakai
Editor’s note: Prof. Carton is an expert on strategy frameworks. He is especially interested in how strategy ideas develop over time and how they get used and shared in organizations. In this Read More...
Category: Applied and Practice
Author: Guillaume Carton
Entrepreneurship is a crucial lever for developing countries' economic and social development. This is especially true in the Middle East and North Africa (MENA) region. MENA economies have often Read More...
Category: Applied and Practice
Authors: Thami Ghorfi and Imad-eddine Hatimi
Part 2 of 2 As we noted in our previous article , a workplace based on equity – where every employee feels valued -- can help small businesses attract and retain talent in an era when employees Read More...
Category: Applied and Practice
Authors: Aquesha Daniels, J.D. , Mariah Yates, Ph.D., MBA and Shane Spiller