Family Business

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Family Firms: Building Resilience Across Generations

Building on three specific attributes -- long-term orientation, social capital, and values-driven governance -- helps families build strengths for generations to come. Family businesses are often Read More...

Category: Applied and Practice

Authors: Douglas Hassell and Kimberly Eddleston

5 Practical Tips for Making Business Decisions With Family Members

Running a family business doesn’t mean always seeing eye to eye, but you can still overcome challenges, resolve conflicts, and evolve as a team. At 13, I unknowingly took part in my first serious Read More...

Category: Commentary

Author: Rostyslav Vovk

When Family Businesses Should Think Like Private Equity Firms

Adopting all or even some PE investor strategies can add value and enhance competitiveness, especially when a successor takes over or the company may be sold. Family businesses must navigate a Read More...

Category: Applied and Practice

Authors: Nadine Kammerlander and David Hoeflmayr

Family Businesses Have a Massive Impact on the UK Economy

A new report by the Family Business Research Foundation and the Centre for Economics and Business Research shows families control 93 percent of UK firms. The UK’s Family Business Research Read More...

Category: Commentary

Author: Martin Kemp

Academy of Management Honors FamilyBusiness.org Editor Kimberly Eddleston

Kimberly Eddleston, Founding Editor of FamilyBusiness.org and a longtime contributor to its sister publication EIX, was recently honored by the Academy of Management (AOM) with its 2024 Practice of Read More...

Category: Commentary

Author: Catherine Buday

Women on Family Business Boards Shun Layoffs

Modern organizations face increasing pressure to make sure women are well represented in their workforce, especially at the top. Business leaders, stakeholders, and policymakers around the world are Read More...

Category: Research Insight

Authors: Jessenia Davila , Luis Gomez-Mejia , Fernando Muñoz-Bullon and Maria J. Sanchez-Bueno

Helping Next-Gens Envision Their Family Firm’s Future Success

A comprehensive and convincing vision is crucial in helping family businesses be successful over generations. However, many lectures and course exercises that prepare future leaders merely ask Read More...

Category: Education and Teaching

Authors: Nadine Kammerlander and Friedrich Kammerlander

Here's Why Family Businesses Need Branding

For family businesses, branding goes well beyond logos and advertising slogans. It gets to the heart of what makes a family firm successful and admired by customers, suppliers, employees and other Read More...

Category: Interviews

Author: Kimberly Eddleston

Interviewee: Meghan Lynch

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

Have you heard this before? “If it wasn’t for my in-laws, our family would be fine!” Such frustrated statements are typically followed by rants about how someone spends too lavishly, does not Read More...

Category: Applied and Practice

Authors: Claudia Binz Astrachan , Joseph Astrachan and Torsten Pieper

Keep the Founder's Entrepreneurial Spirit Alive in Future Generations

Most significant wealth is created through entrepreneurship, and in many countries family business plays a large role. But once the family business is established and successful, what further Read More...

Category: Applied and Practice

Author: David Werdiger