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Generative AI Can Help Family Businesses Innovate and Grow

EDITOR'S NOTE: FamilyBusiness.org Senior Editor and EIX contributor Mat Hughes spoke with leading AI researcher and innovation expert Paavo Ritala on how new generative AI technologies like ChatGPT Read More...

Category: Interviews

Authors: Mat Hughes and Paavo Ritala

Will Your In-Laws Help or Hurt Your Family Business?

We’ve seen the remarkable impact of in-laws on famous family businesses, for better or worse. Examples include the infamous Gucci family feud between Maurizio Gucci and his wife Patrizia Reggiani, Read More...

Category: Research Insight

Authors: Marco Mismetti , Emanuela Rondi and Cristina Bettinelli

What If a Hedge Fund Invests in my Family Business?

Publicly traded family firms may attract all sorts of investors from outside the family. And like other publicly traded firms, they sometimes attract activist hedge funds, whose primary purpose often Read More...

Category: Research Insight

Authors: Matthias G. Leute , Yannick Bammens , Martin Carree and Jolien Huybrechts

Why Family Businesses Must Mind the (Generation) Gap

  Family businesses are unstoppable when they benefit from the wisdom of founders and older leaders and the forward-thinking, innovative outlook of the next generation. But all too often, these Read More...

Category: Interviews

Author: Kimberly Eddleston

The Paradox of Choice: Wealth's Impact on Family Potential

The book The Paradox of Choice , written by Barry Schwartz and first published in 2004, posits that people, in general, suffer a loss of happiness because we have too much choice in everything we Read More...

Category: Practice Insight

Author: Doug Baumoel

Founders: Let Next-Gens be Entrepreneurial

  A family firm's longevity depends on fresh approaches to doing business, but all too often these fresh insights can clash with the family's entrenched way of doing things. Founders especially Read More...

Category: Interviews

Author: Kimberly Eddleston

5 Ways to Keep Your Kids From Fighting Over Your Will

It is your worst nightmare. You’ve passed away, and now your adult children no longer speak to each other. Circumstances around your death have destroyed the family you spent your life building, Read More...

Category: Features

Author: Patrick O'Brien

Do Family Meals Fuel Entrepreneurship in Family Businesses?

Should families talk about their business during mealtime? On the one hand, some argue that mealtime should be about the family, with time being devoted to building family bonds and personal Read More...

Category: Research Insight

Author: Kimberly Eddleston

Helicopter Parenting Can Hurt Future Family Business Leaders

The founders of many longstanding family businesses likely had parents who insisted on responsibility and let them learn from their mistakes. This is not so today -- the era of helicopter parenting, Read More...

Category: Interviews

Author: Kimberly Eddleston

Family Offices: The Sober Guardians of Family Wealth

Family businesses, and the wealth they create, are run by human beings, who can be impulsive. When the wealth is substantial, often an impartial third party is the best choice to manage this wealth Read More...

Category: Interviews

Author: Kimberly Eddleston