family business advice

Hope, Efficacy, Resilience and Optimism can make us better people and better leaders.  Here's how to cultivate it within ourselves. All leaders and advisors struggle with organizational Read More...

Category: Practice Insight

Author: Doug Gray, PhD

Activities like selling in physical stores, regular trips to the bank, driving company cars, and talking openly about business growth can make business owners targets. EDITOR'S NOTE: This article was Read More...

Category: Research Insight

Authors: Paul Sanchez , Matthew Wood , Tim Michaelis and Jaime Suarez

Baby Boomers are set to hand down trillions of dollars to younger generations. Family firms must consider how to transfer their ownership shares, and how much goes to whom. Around the world, an aging Read More...

Category: Practice Insight

Authors: Martin Kemp and Susan Lanz

The goals of the family and the business are often at odds. Family history can inspire bold and necessary steps that are still in harmony with the family’s image of itself.   A family sitting Read More...

Category: Research Insight

Authors: Lara Pecis , Bingbing Ge and Florian Bauer

Your "owners' strategy" should consider that in the future, the family firm will likely have many more owners. Take a broader focus when you develop it. In the US, most family business advisory firms Read More...

Category: Practice Insight

Authors: Claudia Binz Astrachan and Tom Rüsen

Fiduciary boards keep family firms focused on the long term, rather than on short-term, tactical strategies.  But many family firms resist having one, fearful of losing control of their Read More...

Category: Interviews

Author: Kimberly Eddleston

Many family firms are not fully sure of their legacy and how to communicate it to others. Research suggests ways to get a better handle on it. Family businesses are the most prevalent type of Read More...

Category: Research Insight

Authors: Miruna Radu-Lefebvre , Jim Davis and William Gartner

Like many family business leaders, John Dutton struggles to uphold longstanding traditions while external competitive pressures mount and next-gens clamor for change. "Yellowstone" is an American Read More...

Category: Practice Insight

Authors: Robin Burns and Ana Gonzalez

Being a family firm enhances a brand's local appeal and influences consumer purchasing behaviors. Consumer preferences are increasingly favoring brands with a strong local identity. The reasons for Read More...

Category: Research Insight

Authors: Philipp Jaufenthaler , Andreas Kallmuenzer , Sascha Kraus and Alfredo De Massis

On an ideal board, directors with different levels of experience, backgrounds, and interests form a cohesive team that pulls in the same direction, and that achieves more together than "the sum of Read More...

Category: Practice Insight

Authors: Lars B. Sonderegger and Claudia Binz Astrachan