Running a family business tips
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The University of St. Thomas (Minneapolis) Family Business Center in February 2023 put together a panel discussion for family firms, focusing on lessons learned from families who Read More...
Category: Practice Insight
Author: Jon Keimig
Family business researcher, lecturer, and advisor Claudia Binz Astrachan has studied first-hand how effective boards of directors steer family business management towards strategies that make the Read More...
Category: Interviews
Author: Kimberly Eddleston
Family businesses everywhere are responding to the succession challenge in profound ways. Preserving cherished family traditions and relationships is just as important as preserving the wealth of the Read More...
Category: Interviews
Authors: Mat Hughes and Mira Bloemen-Bekx
One of the greatest challenges today for any firm is to operate a sustainable business model. Besides helping to address climate change, such a model can help improve firm performance. When a firm is Read More...
Category: Research Insight
Authors: Adrian Stutz , Sabrina Schell and Andreas Hack
One of the key concerns for family businesses is continuity. Unlike non-family firms, many family businesses display a longevity that may span over centuries. In order to survive such long periods, Read More...
Category: Research Insight
Authors: Wojciech Czakon , Monika Hajdas and Joanna Radomska
Promoting the family behind the family business can often bring benefits. Consumers can feel better about a product or service – and more likely to trust it and buy it -- if they know a Read More...
Category: Research Insight
Authors: Emanuela Rondi , Carlotta Benedetti , Cristina Bettinelli and Alfredo De Massis
Expanding into other countries can open up new opportunities and revenue streams for all kinds of businesses around the world. This is especially true within the European Union, where products can Read More...
Category: Research Insight
Authors: Claudia Pongelli , Antonio Majocchi , Jonathan Bauweraerts , Salvatore Sciascia , Matteo Giuliano Caroli and Alain Verbeke
While boards of directors are common at large firms and nonprofits, family businesses don't always see their value or understand how to use them well. However, according to consultant Read More...
Category: Interviews
Author: Kimberly Eddleston
Part 2 of a two-part series. Read part 1 here . Family business succession planning is a difficult process – and it is even more challenging in cases where divorce and adoption complicate family Read More...
Category: Research Insight
Authors: Leona Rethmann and Nadine Kammerlander
David Bentall found out the hard way that his leadership of his family's construction and real estate firm wasn't working: his own uncle removed him from the company. Losing his job was a Read More...
Category: Interviews
Author: Kimberly Eddleston