Help with a family business
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Vision matters—but so does individualized consideration. This study shows nonfamily managers perform better when CEOs pair transformational leadership with genuine, personalized attention and Read More...
Category: Research Insight
Authors: Mat Hughes , Alfredo De Massis , Sascha Kraus , Qilin Hu and Yi-Ying Chang
Family firms don’t have goals—people do. The rise and fall of Italy's Florio dynasty shows how successor motivation shapes the balance between growth, legacy, and community—and how families can Read More...
Category: Research Insight
Author: Alexandra Dawson
As family attitudes towards wealth, purpose, and legacy evolve, their offices are doing more than just managing wealth, a study shows. Family offices are no longer quiet custodians of wealth. Based Read More...
Category: Applied and Practice
Author: Peter Vogel
A stewardship climate, where employees feel trusted and truly valued, mobilizes nonfamily employees to defend the family firm against reputational threats. EDITOR’S NOTE: This article was produced Read More...
Category: Research Insight
Authors: Sarah Burrows , Craig Crossley , Catherine Faherty and Jim Combs
Japanese family businesses are encouraged to help one another for the benefit of their shared customers and their community. It has helped them survive setbacks and thrive. Family businesses are a Read More...
Category: Research Insight
Authors: Sigrun C. Caspary , Tom Rüsen and Arist von Schlippe
Rather than being inherited like family heirlooms, values are shaped and re-shaped by interactions between the generations at the family firm. EDITOR‘S NOTE: This article was produced in Read More...
Category: Research Insight
Authors: Viktoria Luft , Anne Katarina Heider , Heinrich Liechtenstein and Tarek el Sehity
A family investment policy defines how a family manages its collective financial assets in alignment with its shared values, goals, and risk preferences. As business-owning families move beyond a Read More...
Category: Practice Insight
Authors: Claudia Binz Astrachan , Anneleen Michiels , Massimo Baù and Chris Graves
Unless you clearly state what you want your legacy to be, your successors will interpret it in their own way -- and it might not be what you intended. EDITOR‘S NOTE: This article was produced in Read More...
Category: Research Insight
Authors: Matthew Fox , Kimberly Wade-Benzoni and Jeffrey Covin
Families that learn to use their cohesion, trust, and long-term orientation as strengths can implement strategies more effectively than their non-family peers, especially in times of uncertainty. Read More...
Category: Research Insight
Authors: Torsten Pieper , Claudia Binz Astrachan , Francesco Chirico and Annika Ehlers
Listening to the Family: The Strategic Value of Surveys Surveys can reveal differing perspectives, surface hidden tensions, and – when done well – build trust, and serve as an educational opportunity. From the boardroom to the family meeting, a Read More...
Category: Practice Insight
Author: Claudia Binz Astrachan