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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forego business opportunities to retain the family’s control over the business, stick to family traditions that are outdated, and prefer family Read More...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
The challenges entrepreneurs face seem daunting. A global pandemic, rising inflation, and a spate of other problems have entrepreneurs reeling. To add to the mix of problems entrepreneurs face, Read More...
Category: Applied and Practice
Author: Joseph Simpson
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
The ultimate goal of many enterprising families is growing a prospering organization stewarded by a committed group of united family owners. And while many succeed in developing a successful Read More...
Category: Applied and Practice
Author: Claudia Binz Astrachan
In his book Lean Startup in Large Organizations , corporate innovation expert Jim Euchner offers a systematic approach to successfully implementing Lean Startup practices in established Read More...
Category: Applied and Practice
Authors: Catherine Buday and Jim Euchner
Stories abound about sibling rivalries and family business conflict that have harmed family businesses and the families behind them. For instance, Charles and David Koch were sued by their brothers, Read More...
Category: Applied and Practice
Authors: Jonas Ruzek and Kimberly Eddleston
Second in a two-part series. Read Part 1 here . To understand why building a robust supply chain management capability is important, small and medium-sized enterprise (SME) owners need Read More...
Category: Applied and Practice
Author: David Johnston
Part one of a two-part series. Read part 2 here Two questions currently dominate the emerging post Covid-19 economy. Most immediately: When will I get what I ordered? More long term: How Read More...
Category: Applied and Practice
Author: David Johnston
Correctly timing a chief executive officer’s (CEO) succession is very important for firms, because CEO transition sends important signals to investors about the future of the firm’s strategy and Read More...
Category: Applied and Practice
Authors: Joon Mahn Lee , Dalee Yoon and Steven Boivie
Second of a two-part series From our studies evaluating the effectiveness of boards at family firms, we’ve seen first-hand how strong boards can help family businesses be more successful. In Read More...
Category: Applied and Practice
Authors: Claudia Binz Astrachan , Joseph Astrachan and Hermut Kormann