family business advice
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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
A family business adviser shares how to improve family dynamics to help younger family members get ready for top roles. To keep a family business within the family, younger family members must be Read More...
Category: Interviews
Author: Kimberly Eddleston
Interviewee: Elizabeth Bagger
Many want to know where they will fit in the family enterprise; how the wealth will be divided; and how the business will be governed as the family grows in complexity. Dann Van Der Vliet, Executive Read More...
Category: Interviews
Author: Kimberly Eddleston
Interviewee: Daniel Van Der Vliet
Family business succession involves transferring ownership as well as management. Family circumstances and past events lead to three types of ownership transfers. EDITOR’S NOTE: This article was Read More...
Category: Research Insight
Authors: Susan Lanz , Gary Burke , Kajsa Haag and Omid Omidvar
When parents openly display fear of failing, it can unintentionally portray entrepreneurship as unsafe, undesirable, or even shameful. This doesn't help their successors or the business. Why do so Read More...
Category: Research Insight
Authors: Seyyede Sharare Bagherian , Sonia M. Strano , Sohrab Soleimanof , Jon Carr and S. Alireza Feyzbaksh
The best processes and systems come not from outside advisers and experts, but from how families actually live, relate to one another, and make decisions. Family businesses are more than economic Read More...
Category: Research Insight
Authors: Luciana Lucena de Lima and María José Parada
Skip-generation entrepreneurship combines the wisdom of business founders with the energy and tech savviness of their grandchildren. Photo: Lauri Union, founding executive director of the Bertarelli Read More...
Category: Features
Author: Lin Grensing-Pophal
While professional non-family leadership may bring some advantages, the stability brought by family leaders may encourage employees to innovate without fear of failure. Much research has focused on Read More...
Category: Research Insight
Authors: Mario Daniele Amore , Morten Bennedsen , Bordin Bordeerath and Nicolai Foss
Like military strategists, business owners face decisions that must balance vision and resources, courage and caution, innovation and discipline. What can small business owners, family firms, and Read More...
Category: Commentary
Author: Joseph Giglio
When a family member struggles with addiction, the consequences can ripple throughout the firm and increase its risks. Scott, a seasoned executive in a multigenerational family business, approached Read More...
Category: Commentary
Author: Diana Clark