Running a family business tips

Successful, long-lasting business families share an understanding of what is important to them, what they want to do together, and how they want to work together to achieve their collective goals and Read More...

Category: Applied and Practice

Authors: Tom Rüsen , Isabel C Botero , Arist von Schlippe and Torsten Groth

Many people make the mistake of thinking that family businesses are simple businesses. Nothing could be further from the truth. The coexistence of two systems with differing ways of thinking—the Read More...

Category: Commentary

Author: Salvatore Sciascia

Part 1 of 2 --  Family business succession planning clearly is among a family business’s most challenging events and plenty of experts have weighed in on how to do it right. However, most of Read More...

Category: Applied and Practice

Authors: Nadine Kammerlander and Leona Rethmann

Family businesses are unique because the family values held by their founders shape the very fabric of the business. It goes without saying that finding ways to instill those values into the business Read More...

Category: Case Studies

Authors: Boyka Simeonova and Mat Hughes

As we all know, successions and family business succession planning are rarely easy, but unexpected transitions pose a significant risk to family businesses. When Herbert Fisk Johnson, Sr., the Read More...

Category: Commentary

Author: David Deeds

The salaries of top executives can be a hot topic and a source of family business conflict and stress – at family businesses and non-family firms. How can family business leaders decide what’s Read More...

Category: Research Insight

Authors: Roland Kidwell , Anneleen Michiels and Isabel C Botero

The upcoming generation of family firm leaders often don't see things the same way as their parents and grandparents do. Professor Peter Jaskiewicz has explored this disconnect deeply in his new book Read More...

Category: Interviews

Author: Kimberly Eddleston

  In her second interview with Familybusiness.org, Mitzi Perdue shares strategies from her book entitled How to Keep Your Family Connected. This workbook, which complements her book How to Make Read More...

Category: Interviews

Author: Kimberly Eddleston

While the holidays are supposed to bring magic and joy to people’s lives, they are also an immense source of family business conflict, anxiety, and stress. Family can be the root cause of this Read More...

Category: Commentary

Author: Kimberly Eddleston

Stories abound about sibling rivalries and family business conflict that have harmed family businesses and the families behind them. For instance, Charles and David Koch were sued by their brothers, Read More...

Category: Applied and Practice

Authors: Jonas Ruzek and Kimberly Eddleston