Family Business

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10 Things That Help Family Businesses Preserve Their Legacy

From small shops to large multinational corporations, family-owned firms are the anchoring organization in our society. They are pervasive, expanding, and a core employer of human capital and Read More...

Category: Applied and Practice

Author: R. Adam Smith

How Families Can Run Their Businesses With Both Head and Heart

FamilyBusiness.org Senior Editor Mat Hughes recently appeared on R. Adam Smith’s LinkedIn channel to talk about a challenge that all family businesses face: the pull between the passions and Read More...

Category: Interviews

Authors: Mat Hughes and R. Adam Smith

Build the Strong Family Bonds That Lead to Business Success

Strong emotional bonds between family members underpin the success of family businesses. But all too often, being emotionally or geographically distant can weaken those bonds and undermine the Read More...

Category: Interviews

Author: Kimberly Eddleston

Generative AI Can Help Family Businesses Innovate and Grow

EDITOR'S NOTE: FamilyBusiness.org Senior Editor and EIX contributor Mat Hughes spoke with leading AI researcher and innovation expert Paavo Ritala on how new generative AI technologies like ChatGPT Read More...

Category: Interviews

Authors: Mat Hughes and Paavo Ritala

Will Your In-Laws Help or Hurt Your Family Business?

We’ve seen the remarkable impact of in-laws on famous family businesses, for better or worse. Examples include the infamous Gucci family feud between Maurizio Gucci and his wife Patrizia Reggiani, Read More...

Category: Research Insight

Authors: Marco Mismetti , Emanuela Rondi and Cristina Bettinelli

What If a Hedge Fund Invests in my Family Business?

Publicly traded family firms may attract all sorts of investors from outside the family. And like other publicly traded firms, they sometimes attract activist hedge funds, whose primary purpose often Read More...

Category: Research Insight

Authors: Matthias G. Leute , Yannick Bammens , Martin Carree and Jolien Huybrechts

Why Family Businesses Must Mind the (Generation) Gap

  Family businesses are unstoppable when they benefit from the wisdom of founders and older leaders and the forward-thinking, innovative outlook of the next generation. But all too often, these Read More...

Category: Interviews

Author: Kimberly Eddleston

The Paradox of Choice: Wealth's Impact on Family Potential

The book The Paradox of Choice , written by Barry Schwartz and first published in 2004, posits that people, in general, suffer a loss of happiness because we have too much choice in everything we Read More...

Category: Practice Insight

Author: Doug Baumoel

Founders: Let Next-Gens be Entrepreneurial

  A family firm's longevity depends on fresh approaches to doing business, but all too often these fresh insights can clash with the family's entrenched way of doing things. Founders especially Read More...

Category: Interviews

Author: Kimberly Eddleston

5 Ways to Keep Your Kids From Fighting Over Your Will

It is your worst nightmare. You’ve passed away, and now your adult children no longer speak to each other. Circumstances around your death have destroyed the family you spent your life building, Read More...

Category: Features

Author: Patrick O'Brien