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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
First of a two-part series Can you quantify your board’s contribution to the performance of your family business? Even if you can’t put a number on it, you should have a keen sense of how much Read More...
Category: Applied and Practice
Authors: Claudia Binz Astrachan , Joseph Astrachan and Hermut Kormann
Family businesses are unique, with many advantages that stand them in good stead during times of crisis. While there are unique strengths for family-owned firms working in a world changed by Read More...
Category: Applied and Practice
Author: Doug Baumoel
“When owners start talking about their rights rather than their responsibilities, a family business is in trouble“. (Smith Lanier) Introduction Management and organization research and Read More...
Category: Applied and Practice
Authors: Torsten Pieper and Joseph Astrachan
Women can be indispensable in times of trouble, but the glass ceiling and the glass cliff still hold them back, even at family firms. Seven things to think about. Crisis is part of every Read More...
Category: Applied and Practice
Author: Rania Labaki
EDITOR'S NOTE: This popular article from three years ago is still relevant today. The author has updated it for 2023. Three years ago, we were emerging from a fiercely battled presidential election Read More...
Category: Applied and Practice
Author: Carol Wittmeyer
A board’s oversight and guidance, based on the expertise, experience and personal qualities of its members, has always helped drive business success and survival. But now, as the COVID-19 Read More...
Category: Applied and Practice
Authors: Joseph Astrachan , Andrew Keyt , Hermut Kormann and Claudia Binz Astrachan
Walt Disney nailed it when he said that good customer relations begin with good employee relations. Fred Smith, the courageous entrepreneur and founder of FedEx, felt that way too, and his company Read More...
Category: Applied and Practice
Authors: Theodore L. Waldron and James C Wetherbe
The number of businesses run by women continues to grow – by 59% between 1997 and 2013 – and women now run between a quarter and a third of all private businesses worldwide. Yet their businesses Read More...
Category: Applied and Practice
Authors: Kimberly Eddleston , Jamie Ladge and Keimei Sugiyama
EDITOR'S NOTE: This article was produced in partnership with the Journal of Family Business Strategy, a leading journal in the field of family business, as part of our mission to bring Read More...
Category: Applied and Practice
Authors: Ines Herrero and Mat Hughes