Leadership
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Reducing conflict and strengthening business performance may be as important as succession planning when preparing for a leadership transition. Only about a third of family businesses make it to a Read More...
Category: Theory and Research
Authors: James Hoffman , Ritch Sorenson and Keith Brigham
A five-part framework can help family firms evaluate control, governance, complexity, priorities and succession to anticipate challenges and opportunities. It's been said that, “Once you have seen Read More...
Category: Applied and Practice
Author: Thomas Zellweger
Startups often fail because of team dysfunction, not bad ideas. Founderitis, unclear roles and weak communication can derail even promising ventures. It is well-known that only a small fraction of Read More...
Category: Theory and Research
Authors: Chuck Sacco and Aasim Sani
Research found that founders who followed mentors’ advice were no more likely to succeed than those who resisted it. Experience may matter more than coachability. Many venture capital firms, Read More...
Category: Applied and Practice
Authors: Kevin Bryan and András Tilcsik
Conceptualization that is induced by the play (Kolb & Kolb. 2005). This study echoes the thesis of John Dewey (1916), one of the most influential thinkers in educational theory in the 20th century, Read More...
Category: Applied and Practice
Authors: Salvatore Tomaselli and Danilo Maurici
Family businesses can innovate more effectively when their appetite for risk and tradition aligns with family cohesion and the diversity of family goals. When it comes to innovation, family firms Read More...
Category: Applied and Practice
Authors: Emanuela Rondi , Alfredo De Massis and Josip Kotlar
Stronger procedures and financial discipline helped Hyannis Country Garden improve performance while preserving the trust and support of family members. This feature and video are part of America’s Read More...
Category: Features
Author: Alauna Yust
Family firms can strengthen succession by involving younger relatives early, matching jobs to strengths, avoiding nepotism and embracing new ideas. (This article is part of America’s Entrepreneurs Read More...
Category: Features
Author: Jessica Thiefels
Entrepreneurs frequently underestimate their personal financial needs and fail to plan ahead for how the business will support them over time. Whether you are starting a family business or inheriting Read More...
Category: Interviews
Author: Kimberly Eddleston
Interviewee: Nora Yousif
A study of 1.8 million firms found that businesses named after their owners earned higher returns on assets than firms with other names. By Sharon Belanzon, Aaron K. Chatterji and Brendan Daley Read More...
Category: Applied and Practice
Author: Sharon Belenzon