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“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
Working in a family firm can be either satisfying or stifling for someone who’s not a relative. Interpersonal relationships can be stronger than they would be in non-family firms, and the work Read More...
Category: Applied and Practice
Authors: Franz Kellermanns , Nicole Gottschalck and Christina Guenther
As family business leaders are forced to deal with COVID-19, Winston Churchill’s advice comes to mind: “Never let a good crisis go to waste.” This suggests that as family firms Read More...
Category: Applied and Practice
Author: Kimberly Eddleston
The coronavirus pandemic is forcing employees around the world to work from home. Although remote work has existed for decades, it's not ideal for everybody. Many employees who are accustomed to Read More...
Category: Applied and Practice
Author: Jay Mulki
It's been said that, “Once you have seen one family firm, you have seen just one family firm.” While it’s popular to say that every family firm is unique, as a researcher I take issue with the Read More...
Category: Applied and Practice
Author: Thomas Zellweger
Family businesses have unique strengths and unique problems because they blend two identities -- "family" and "business" -- whose priorities are often at odds. While the family identity nurtures Read More...
Category: Applied and Practice
Authors: Roland Kidwell and Kathryn Kloepfer
I grew up in Ireland, and my family hails from Ballyhaunis in County Mayo. Dad was a small business owner, who used his trusty cab to provide service to our neighbors. Dad provided my first exposure Read More...
Category: Applied and Practice
Authors: Kieran Folliard and Eapen Chacko
The Corleones of "Godfather" fame are an extreme example of a “family business.” But like many family businesses, they have a family member who is a serious hindrance to their business, is less Read More...
Category: Applied and Practice
Author: Kimberly Eddleston
Innovation is a kind of Holy Grail in the world today. Companies strive for it, consumers often reward it, and policy-makers say we need more of it. But many people still find themselves asking, Read More...
Category: Applied and Practice
Author: Daniel Forbes
For most new business owners, growth is a sign that the business is successful. But depending on that business's financial structures and its commitment to shareholders, growth can complicate Read More...
Category: Applied and Practice
Author: Phil Greenwood