Strong family relationships are good for business, but being too insular will blind the family to great ideas from the outside and actually hurt return on equity.
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Some are rallying the team, communicating better and discovering strength and resilience. For others, the crisis has made their weaknesses and conflicts worse.
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This video, also available as a podcast, explores how family businesses are balancing cherished traditions and social capital against the mandate to control costs at a time of economic peril.
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This article and podcast explore how family businesses can keep products and services relevant and avoid playing catch-up with competitors.
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This article and podcast explore how family firms are adapting in a world where uncertainty is the only certainly. This will define their business strategy for years to come.
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Any crisis brings opportunities to rethink what your family business can do or should do moving into the future. This article and podcast will stimulate reflection.
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A Finland-based family business that hadn't innovated in calmer times drew on its heritage and untapped strengths to get it through periods of stress.
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Strong market knowledge, great relationships with customers and suppliers, and a well-respected brand can actually deter family businesses from taking necessary risks to introduce something new.
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Too often, family businesses are caught up in their own small circle of relationships. Expanding that circle provides fresh perspectives and helps them thrive.
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It's never too early to plan for succession and get family members ready for leadership. The authors share ideas from research and practice in this video and podcast.
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Alliance will offer family-led enterprises around the world research-tested advice on how to build, manage and sustain vibrant businesses.
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How All Kinds of Businesses Can Use AI Productively
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This video, also available as a podcast, explores how entrepreneurs, family businesses, and others can use artificial intelligence in practical ways.
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Think of AI as a co-pilot to handle mundane tasks. The work that requires creativity, emotional intelligence, empathy, or trust will still be the province of humans.
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Technology can now take care of mundane tasks, and give people more time for satisfying, impactful work that requires creativity, emotional intelligence and empathy.
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A family business scholar and a consultant discuss family values; succession planning; compensation for family and non-family members; and being bold without burning through resources.
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In this audiocast, two family business experts discuss the passions and priorities of the family versus the need for clearheadedness and professionalism.
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