Help with a family business
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Family firms are strongly influenced by the behavior of family members in those organizations, thus toxic behavior is a major risk for the continuity and success of any family firm. A great deal of Read More...
Category: Research Insight
Authors: Benjamin McLarty and Daniel T. Holt
Many legendary business leaders -- think Steve Jobs, or Elon Musk -- have had troubled personal lives. According to business advisor and author David Werdiger, the same traits that make someone Read More...
Category: Commentary
Authors: Kimberly Eddleston and David Werdiger
The stories that families tell about their past matter. Here are some ways that families can begin to use the past to serve their present-day goals. Family firms often frame their history as a Read More...
Category: Research Insight
Authors: Christina Lubinski and William Gartner
Values can form a strong foundation for a family business. Through shared values, we feel united and form a bond of culture, history, and pride. This bond can motivate each member of the family to Read More...
Category: Practice Insight
Author: Eva Fischer Hansen
While the global business environment is forever changing, family firms often stand for longevity and stability -- and stable, long-term management is a key strategic element in their performance Read More...
Category: Research Insight
Authors: Melania Riefolo , Sena Özkara , Baris Istipliler and Jan-Philipp Ahrens
Across a range of disciplines, researchers have sought to identify the “bad behavior” of family firms as well as its causes and effects. Such topics include family conflict, sibling rivalry, Read More...
Category: Research Insight
Authors: Roland Kidwell , Kimberly Eddleston , Linda Kidwell , John Cater and Ellison Howard
Many of us are (or at least we believe ourselves to be!) natural-born problem solvers: Once we recognize a problem, we want to resolve it as expediently as possible. As a result, we fall into Read More...
Category: Practice Insight
Authors: Joseph Astrachan and Claudia Binz Astrachan
When it's time for a family business to have a new generation of leadership, it's often difficult for the first-generation founder let go. Founders, justifiably proud of the businesses they have Read More...
Category: Interviews
Author: Kimberly Eddleston
A great story, skillfully told, can shape attitudes and spur commitment and action. This is especially true at family businesses, where the stories and values of the family and business intertwine. Read More...
Category: Interviews
Author: Kimberly Eddleston
Part 1 of a two-part series Are you familiar with any of the following scenarios? “My business unit leaders never set realistic budgets, I have to push them and prod them to get growth—did I hire Read More...
Category: Practice Insight
Author: Joseph Astrachan