Leadership
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Joe Brito says relatives should earn their place by starting at the bottom, learning the business and proving themselves before moving into leadership roles. Joe Brito, the third-generation head of Read More...
Category: Commentary
Author: Kimberly Eddleston
Interviewee: Joseph Brito, Jr.
Strong family firms hold employees accountable while preserving trust, harmony and flexibility. Combining both approaches can improve employee effort and performance. Family businesses have unique Read More...
Category: Applied and Practice
Authors: Roland Kidwell and Kathryn Kloepfer
Business research and business practice are too often separated. David Teece explains how scholars can use each to strengthen the other. Professor David Teece is one of the impactful business Read More...
Category: Interviews
Author: Jon Eckhardt
Sponsored by the Richard M. Schulze Family Foundation, the Schulze School of Entrepreneurship at the University of St. Thomas, and EIX.org, a non-profit online platform for entrepreneurship Read More...
Category: Commentary
Author: James Beal
Justin Rockefeller explains how families can pursue social and environmental impact without abandoning financial discipline or long-term investment goals. Perhaps no other family is more synonymous Read More...
Category: Interviews
Author: Kimberly Eddleston
Interviewee: Justin Rockefeller
The Theory of Change is a tool that is widely used among social entrepreneurship (SE) practitioners to map out the steps that will lead them to have the intended positive change on society. The Read More...
Category: Education and Teaching
Author: Sophie Bacq
Research on more than 13,000 startups found that founders with deeper local roots had higher profits and lower failure rates than recent arrivals. Entrepreneurs with great ideas often feel they must Read More...
Category: Research Insight
Authors: Olav Sorenson and Michael S. Dahl
The Fredo Effect occurs when an unqualified or disruptive relative keeps a job because of family ties, hurting coworkers, relationships and business performance. The Corleones of "Godfather" fame are Read More...
Category: Applied and Practice
Author: Kimberly Eddleston
This flexible classroom exercise lets students shape a fictional bourbon family business while applying family business concepts throughout the semester. Many of us may remember the “Choose Your Read More...
Category: Education and Teaching
Authors: Whitney Peake and Teran Sundy
A strong board can be a major asset when CEOs prepare well, communicate openly and use directors for advice between formal meetings. Arguably, no CEO anywhere doesn’t occasionally wish that he or Read More...
Category: Applied and Practice
Author: Kathleen Allen