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Managing Emotional Minefields Within Family Businesses

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

How to Encourage Devotion Among Nonfamily Employees

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

Better Let Your Brother Do It: Men Are Still Preferred in CEO Successions

Many business owners do not like to think about succession – it means confronting their own mortality – but at some point, every family business must deal with succession planning (Ahrens, 2020). Read More...

Category: Research Insight

Authors: Jan-Philipp Ahrens , Melania Riefolo , Annegret Hauer and Katharina Siegert

Women Show Their Strengths When Family Businesses are in Trouble

Around the world, women have always been part of family businesses. However, little is known about how they affect the continuity of family firms in certain areas of the world, especially patriarchal Read More...

Category: Research Insight

Authors: Allan Discua Cruz , Eleanor Hamilton , Giovanna Campopiano and Sarah Jack

From Solo to Team: Helping Siblings Maintain Your Valuable Outside Relationships

A family business founder or leader often toils for years to cultivate good relationships with people, organizations, and businesses outside the family, including banks, suppliers, customers, and the Read More...

Category: Research Insight

Authors: Luis Cisneros , Bérangère Deschamps and Sebastien Geindre

How Family Firms Can Ensure Being Sustainable Pays Off

One of the greatest challenges today for any firm is to operate a sustainable business model. Besides helping to address climate change, such a model can help improve firm performance. When a firm is Read More...

Category: Research Insight

Authors: Adrian Stutz , Sabrina Schell and Andreas Hack

How Family Businesses Survive Unexpected ‘Wild Cards’

One of the key concerns for family businesses is continuity. Unlike non-family firms, many family businesses display a longevity that may span over centuries. In order to survive such long periods, Read More...

Category: Research Insight

Authors: Wojciech Czakon , Monika Hajdas and Joanna Radomska

'Big Family:' Relatives Outside the Family Business Can Help It Thrive

Words like “non-active” or “passive” are misnomers for family business members that work elsewhere. On the contrary, these “satellite” family members are quite active and beneficial to Read More...

Category: Research Insight

Author: Mat Hughes

Family Firms: How Much Cash is Enough?

For years, corporate governance scholars and activists have assumed that cash-rich companies are less vigorous about using resources, leading to the loss of shareholder value. In line with this view, Read More...

Category: Research Insight

Authors: Yuliya Ponomareva , Domenico Cambrea , Daniel Pittino and Alessandro Minichilli

Millennials Can Help Family Firms Expand, If Led by Their Peers

Millennials, those born between the end of the ‘70s and the beginning of the new millennium, are accustomed to the limitless possibilities of the online world, where local or even country borders Read More...

Category: Research Insight

Authors: Alessandro Cirillo , Barbara Maggi , Salvatore Sciascia , Valentina Lazzarotti and Federico Visconti