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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
We yet have to meet a business family that does not want their family members to be competent and engaged owners and stewards. Everyone agrees that having owners who understand finance and strategy, Read More...
Category: Applied and Practice
Authors: Tom Rüsen , Claudia Binz Astrachan and Ruth Orenstrat
Family businesses often behave in unique ways: They forego business opportunities to retain the family’s control over the business, stick to family traditions that are outdated, and prefer family Read More...
Category: Applied and Practice
Authors: Peter Jaskiewicz , Josh Hsueh , Elizabeth Tetzlaff and Giovanna Campopiano
Silicon Valley Bank (SVB) failed Friday, March 10, 2023. SVB was remarkable in the US banking system due to the unique capabilities and products it developed to serve the unique needs of Read More...
Category: Applied and Practice
Author: Jon Eckhardt
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
Part 1 of 2 -- Family business succession planning clearly is among a family business’s most challenging events and plenty of experts have weighed in on how to do it right. However, most of Read More...
Category: Applied and Practice
Authors: Nadine Kammerlander and Leona Rethmann
Family businesses are unique because the family values held by their founders shape the very fabric of the business. It goes without saying that finding ways to instill those values into the business Read More...
Category: Applied and Practice
Authors: Boyka Simeonova and Mat Hughes
In late May, Tesla Chairman Elon Musk stunned the world by announcing that Tesla employees must return to the office full time or lose their jobs. Moreover, as the leaked Musk email pointed out, Read More...
Category: Applied and Practice
Authors: Claudia Binz Astrachan and Lars B. Sonderegger