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Outsource or Hire? Advice for Family Businesses

Ben Berger and Ron Nahass of RSM's Family Office talk about the benefits of letting trusted outsiders handle critical business functions. Operational excellence -- involving people, processes, Read More...

Category: Interviews

Author: Kimberly Eddleston

How CSR Shapes the Power of Family Business Branding

Being family-owned or socially responsible endears a business to consumers. Having both attributes mutes the impact of family ownership, and requires a different branding strategy. To differentiate Read More...

Category: Research Insight

Authors: Philipp Jaufenthaler , Roland Schroll and Dhruv Grewal

Family Firms Prosper When Shareholders Think Like Trustees

A trustee mentality helps make large families with many shareholders more cohesive, and preserves wealth for generations. Business families with many shareholders and family members who have remained Read More...

Category: Research Insight

Authors: Fabian Simons , Raphaëlle Mattart and Heiko Kleve

Senior Leaders: Prepare Early to Let Go of the Business

A handover often marks the end of life as the leader knows it and the start of a new and unfamiliar phase. A grieving process is not uncommon. For entrepreneurs, business shapes self-image and Read More...

Category: Applied and Practice

Authors: Simon Caspary , Tom Rüsen and Heiko Kleve

Men and Women Cling to Power for Different Reasons

While male leaders often view stepping down as a threat to their identity and accomplishments, female leaders appear to be motivated by other factors.  EDITOR‘S NOTE: This article was produced Read More...

Category: Research Insight

Authors: Nancy Forster-Holt , Jim Davis and Cassidy Creech

The Perks and Pitfalls of Hiring Your Parents

Allen Esrock of NxtGen Nexus weights in on how to optimize the free labor and other benefits, and how to manage conflicting goals, sibling resentment, and suspicious non-relatives who work for you. Read More...

Category: Interviews

Author: Kimberly Eddleston

Justifiable Pride or Arrogance? It Matters for Family Businesses

Bragging about your family connection is universally bad, but even pride in your accomplishments must be displayed carefully -- especially in eastern cultures. In my experience working with Read More...

Category: Research Insight

Author: Fabian Bernhard

‘SOBs’: The Real Power in Family Businesses

"Saviors Of the Boss" have the trust of company leaders and often serve as their gatekeepers. Here's how to understand them and work with them.  Family businesses are driven by a blend of Read More...

Category: Commentary

Author: Naveen Khajanchi

Craft Ventures are More Successful With a Couple at the Helm

Family firms take note: A study of chocolate makers showed that shared values, commitment, and a long-term outlook are good for both relationships and business.  EDITOR'S NOTE: This article was Read More...

Category: Research Insight

Authors: Jennifer Woolley and Jo-Ellen Pozner

The HERO Model: How Family Enterprise Leaders Can Accelerate Change

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