Management
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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
Working together all year can make holiday tensions worse. Boundaries, patience, distractions and realistic expectations can make gatherings easier. While the holidays are supposed to bring magic and Read More...
Category: Commentary
Author: Kimberly Eddleston
This article is part of America’s Entrepreneurs , a Next Avenue initiative made possible by the Richard M. Schulze Family Foundation and EIX, the Entrepreneur and Innovation Exchange .) Taking a Read More...
Category: Features
Author: Kerry Hannon
Relatives should contribute because of their skills and performance, not their last name. Lower standards can create resentment and weaken the business. When a father, absent during the day, returns Read More...
Category: Commentary
Author: Robert Caldwell
Family members can feel stuck when career goals, identity and family expectations become intertwined. These questions can help reveal whether it is time for change. For some individuals, working in a Read More...
Category: Commentary
Author: Michael Klein
Founders who possess hard-to-replace technical expertise may have greater staying power when their companies raise capital or go public. In 2003 Noam Wasserman introduced the term “Paradox of Read More...
Category: Theory and Research
Authors: Jon Eckhardt , Marc Junkunc and Mingxiang Li
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
Growth can create value, but it can also damage culture, quality, control and sustainability. Founders should decide what kind of company they actually want to build. According to Benjamin Franklin, Read More...
Category: Commentary
Authors: Jason Pattit and Katherina Pattit
Research on 3,269 mining ventures shows why entrepreneurs need different decision-making strengths when exploring, developing and committing to opportunities. History is filled with stories about Read More...
Category: Research Insight
Author: Dean Shepherd