Family Business
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The purpose of this exercise is to help students understand the advantages and challenges of working in a family business or of being in a business family. Some students who have worked in their Read More...
Category: Education and Teaching
Author: Ritch Sorenson
The purpose of this class project is to help family business students understand the complexities of family business management by requiring them to integrate multiple principles and lessons and to Read More...
Category: Education and Teaching
Author: Kimberly Eddleston
Much has been written about how family businesses can have transition problems when the founder's children take over. Best Buy founder Richard Schulze and Ritch Sorenson of the University of St. Read More...
Category: Interviews
Authors: Richard Schulze and Ritch Sorenson
Interviewee: Dick Schulze , Ritch Sorenson
Nothing turns an entrepreneur’s head faster than a glittering opportunity and the chance to pursue it with laser-like focus. But after the launch, when the novelty wears off and the day-to-day Read More...
Category: Theory and Research
Authors: Keith Brigham , Ritch Sorenson and James Hoffman
Family firms can lose their entrepreneurial edge as ownership passes to new generations. Clear values and strong governance can help preserve it. Family firms enjoy a competitive advantage when they Read More...
Category: Applied and Practice
Author: Ritch Sorenson
Some licensing laws protect consumers. Others mainly protect existing businesses. Here is how entrepreneurs can challenge rules that unfairly limit competition. Regulations can destroy even the best Read More...
Category: Commentary
Authors: John Kramer and Nick Sibilla
After a tornado destroyed his business, Dick Schulze saw what others missed. His response forever changed consumer electronics retail. Dick Schulze, the founder of Best Buy and EIX, shares his Read More...
Category: Interviews
Author: James C Wetherbe