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American business owners are aging. According to the 2021 US Census, nearly 52% of business owners are 55+ and 23% are 65+. This is consistent with the increased proportion of aging Americans Read More...
Category: Research Insight
Author: Michael Darger
When a family firm reaches a certain size, the family may decide to transfer their wealth and their ownership into a family office. These offices help business families manage their wealth across Read More...
Category: Research Insight
Authors: Joern Block , Reza Fathollahi and Onur Eroglu
A child’s upbringing within his or her family often sows the seeds of entrepreneurial success later in life. Yet, families today are increasingly fragile, and many entrepreneurs have experienced Read More...
Category: Research Insight
Authors: Mateja Andric , Josh Hsueh , Thomas Zellweger and Isabella Hatak
In the bustling landscapes of our cities, small businesses play an important economic role. But their impact extends beyond economic activities. In many cities, small businesses are vibrant pillars Read More...
Category: Research Insight
Authors: Chris Danner , Abdifatah Ali , Daniel Forbes and Garrett Steede
Across the world -- from Italy's Berlusconi, to the US’s Kennedy family, to Chile's Matte -- wealthy business families have not only been part of the economic elite but are also political Read More...
Category: Research Insight
Author: Marcelo Ortiz M.
From ancient Mesopotamia through the onset of the Industrial Revolution, craft-based industries have been a path to prosperity. Today, craft-based ventures attract a growing number of consumers who Read More...
Category: Research Insight
Authors: Stanislav Dobrev and Cameron Verhaal
Adam looked at the customer standing at the counter in the wine cellar in disbelief. He couldn’t believe what he was hearing. He found the customer’s comments to be slightly rude. Adam felt anger Read More...
Category: Research Insight
Authors: Dr. Ayoosha Saleem , Francesco Barbera , Simon de Jong and Arvid Hoffmann
Family businesses often have not only financial wealth but also nonfinancial values that make them different from nonfamily companies. For instance, the family’s significant control over ownership, Read More...
Category: Research Insight
Authors: Josh Hsueh , Alfredo De Massis and Luis Gomez-Mejia
Conventional business wisdom holds that innovation comes from smart strategizing inside the company. However, business innovations are often prompted by factors outside of a company. Increasingly, Read More...
Category: Research Insight
Authors: Theodore L. Waldron , James C Wetherbe , Chad Navis , Elizabeth Karam and Gideon Markman
Every business strives to recruit and hire the best employees and to retain them over time. Creating and nurturing a workplace environment that contributes to productivity and helps the firm achieve Read More...
Category: Research Insight
Authors: Josep Llach , Valeriano Sanchez-Famoso and Dr. Sharon M. Danes