family business advice

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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

Growing Pains: Helping a Family Office to Evolve

This case study invites students to identify the underlying issues, stakes, and potential pathways forward for a troubled family office. Students also explore problems surrounding the evolution of Read More...

Category: Education and Teaching

Authors: Torsten Pieper and Claudia Binz Astrachan

Diverse Boards Help Family Businesses Expand Internationally

Expanding into other countries can open up new opportunities and revenue streams for all kinds of businesses around the world. This is especially true within the European Union, where products can Read More...

Category: Research Insight

Authors: Claudia Pongelli , Antonio Majocchi , Jonathan Bauweraerts , Salvatore Sciascia , Matteo Giuliano Caroli and Alain Verbeke

The Family Business 'Generation Gap' Can Undermine Success

The upcoming generation of family firm leaders often don't see things the same way as their parents and grandparents do. Professor Peter Jaskiewicz has explored this disconnect deeply in his new book Read More...

Category: Interviews

Author: Kimberly Eddleston

Next-Gens Want Peers, Not Parents, to Lead Them

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

A Family Firm Can Be Both an Innovator and a Great Place to Work

Photo Courtesy of Carl Schlenk AG To thrive, family firms need to cultivate loyal, long-term employees, as they ensure a stable and reliable business. At the same time, family firms need to encourage Read More...

Category: Research Insight

Authors: Emanuela Rondi , Ruth Überbacher , Leopold von Schlenk-Barnsdorf , Alfredo De Massis and Marcel Hülsbeck

Timeless Lessons from Dick Schulze

Best Buy Founder Dick Schulze built his empire through hard work, calculated risk, and a commitment to high standards of integrity and fairness.  In his book “Becoming the Best,” he outlines Read More...

Category: Commentary

Authors: Catherine Buday and Jon Eckhardt

Let's Get Professional: Family Firms Need HRM Practices

Hiring, training, appraising and compensating the right people in the right way is a crucial element to the success of any organization. It is commonly assumed that many growing family firms are not Read More...

Category: Education and Teaching

Authors: Kimberly Eddleston and Roland Kidwell