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While boards of directors are common at large firms and nonprofits, family businesses don't always see their value or understand how to use them well. However, according to consultant Read More...
Category: Commentary
Author: Kimberly Eddleston
Many people make the mistake of thinking that family businesses are simple businesses. Nothing could be further from the truth. The coexistence of two systems with differing ways of thinking—the Read More...
Category: Commentary
Author: Salvatore Sciascia
Like almost all family businesses, Commercial Casework in Hayward, California had to plan for when family owners would want to sell. The company, with about 100 employees, is one of the San Francisco Read More...
Category: Commentary
Author: Corey Rosen
The Merck family business dates back to this apothecary, founded in 1668. The German Merck family has succeeded where many business families have failed: Keeping a group of 319 family members, Read More...
Category: Commentary
Authors: Tom Rüsen , Claudia Binz Astrachan and Frank Stangenberg-Haverkamp
Imagine this not so uncommon family business situation. In a f ourth-generation family business, the transition between the previous generations always went from the father to son in the business: Read More...
Category: Commentary
Author: Sara Stern
It has been almost a year since the Covid pandemic rocked the world. While we have seen some family businesses forced to close their doors forever, others have successfully pivoted their Read More...
Category: Commentary
Author: Kimberly Eddleston
It's been almost 14 months since the first Covid case was reported and, in that year, a great deal has happened. Very few business owners, particularly in North America, took the potential for a Read More...
Category: Commentary
Author: Joseph Astrachan
The end of the year is typically a time to for EIX and familybusiness.org to showcase their best-read articles from the past year in several broad themes: evaluating opportunities, financing, Read More...
Category: Commentary
Authors: Kimberly Eddleston and Daniel Forbes
By Alfredo DeMassis, Lorraine Uhlaner, Ann Jorrissen and Yan Du It's been generally accepted that family firms benefit from the perspectives of outsiders on the board of directors. Outsiders can Read More...
Category: Commentary
Author: Alfredo De Massis
As the Covid-19 virus spreads rapidly through the United States, most of the U.S. universities, businesses, government agencies, and school systems began a massive push to work from home or attend Read More...
Category: Commentary
Authors: Hung-bin Ding and Dr. Rosa Nelly Trevinyo-Rodriguez