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Self-Interest Can Skew Budgets at Family Businesses

Without profit and operating cash flow, a business cannot survive. Read More...

Category: Practice Insight

Author: Joseph Astrachan

Keep the Founder's Entrepreneurial Spirit Alive in Future Generations

The rising generation may have contemplated their own role as future leaders of the operating business Read More...

Category: Applied and Practice

Author: David Werdiger

A Secret to Success: Family Business Centers

Thomas in Minneapolis, and Angela Warner, a 3rd-generation member of the family that operates Warners Read More...

Category: Interviews

Author: Kimberly Eddleston

Family Business Succession, Innovation, and Compensation: What You Need to Know

In our work we’ve seen that family businesses put most of their emphasis on operational excellence, or Read More...

Category: Commentary

Authors: Mat Hughes and R. Adam Smith

Family History Can Be Repurposed to Serve Today's Challenges

the intention is to utilize key stories from the past to extend critical ways the family business operates Read More...

Category: Research Insight

Authors: Christina Lubinski and William Gartner

Do You Treat In-Laws Like the Family Business Outlaws ?

, thoughts, values, actions, among otherwise differently oriented individuals that permit them to operate Read More...

Category: Applied and Practice

Authors: Claudia Binz Astrachan , Joseph Astrachan and Torsten Pieper

A Family's Non-Financial Values Shape Its Sustainability Strategy

such as customers, suppliers, communities, and government, whose support is essential to business operations Read More...

Category: Research Insight

Authors: Josh Hsueh , Alfredo De Massis and Luis Gomez-Mejia

Attitudes Towards Money Can Cloud Family Business Decisions

Take, for example, the family that sold part of their operating business for $30 million and who wanted Read More...

Category: Applied and Practice

Authors: Claudia Binz Astrachan and Anneleen Michiels

Why Families and Their Firms Behave Badly

For example, to ensure control over their firm’s strategic direction and operational decisions, the business-owning Read More...

Category: Research Insight

Authors: Roland Kidwell , Kimberly Eddleston , Linda Kidwell , John Cater and Ellison Howard

Renewing the Empire: A Family Firm's Succession and Refit Journey

mutual role adjustment, as the current generation heading the business may shift from being a "sole operator Read More...

Category: Research Insight

Authors: Melania Riefolo , Sena Özkara , Baris Istipliler and Jan-Philipp Ahrens