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It's important that current or future members of a family business understand best practices for assembling a Board of Directors (BOD). That's why we explore this in depth as part of a basic family Read More...
Category: Education and Teaching
Author: Whitney Peake
For students from family businesses to fully benefit from participating in a family business class, it is essential that they open up and share their experiences, both good and bad. The more the Read More...
Category: Education and Teaching
Authors: Kimberly Eddleston and Devina Raithatha
Many of us may remember the “Choose Your Own Adventure” books from childhood. In these tales, the story develops to a point and presents a scenario choice to the reader. Depending on the choice Read More...
Category: Education and Teaching
Authors: Whitney Peake and Teran Sundy
Conflict is inevitable in family-run businesses. Learning how to manage it and channel it productively is an important skill for entrepreneurship students who may someday manage their own Read More...
Category: Education and Teaching
Author: Ritch Sorenson
Ritch Sorenson, Professor of Family Business at the University of St Thomas in Minneapolis, once worked at a bank founded by his grandfather. When it closed, he felt a personal loss that Read More...
Category: Education and Teaching
Author: Ritch Sorenson
The purpose of this exercise is to help students understand the advantages and challenges of working in a family business or of being in a business family. Some students who have Read More...
Category: Education and Teaching
Author: Ritch Sorenson
The purpose of this class project is to help family business students understand the complexities of family business management by requiring them to integrate multiple principles and lessons and to Read More...
Category: Education and Teaching
Author: Kimberly Eddleston