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How Gamification Can Help Family Businesses

Conceptualization that is induced by the play (Kolb & Kolb. 2005). This study echoes the thesis of John Dewey (1916), one of the most influential thinkers in educational theory in the 20th Read More...

Category: Applied and Practice

Authors: Salvatore Tomaselli and Danilo Maurici

The Potential Downside of Having Non-Family Board Members

By Alfredo DeMassis, Lorraine Uhlaner, Ann Jorrissen and Yan Du It's been generally accepted that family firms benefit from the perspectives of outsiders on the board of directors. Outsiders can Read More...

Category: Commentary

Author: Alfredo De Massis

Family Businesses Must Plan for the Unthinkable

It's been almost 14 months since the first Covid case was reported and, in that year, a great deal has happened. Very few business owners, particularly in North America, took the potential for a Read More...

Category: Commentary

Author: Joseph Astrachan

Team Exercise: How Parenting Styles Affect The Next Generation

  Because the family and business are inextricably intertwined in family businesses, parenting plays a critical role in shaping the next generation and their contribution to the family business. Read More...

Category: Education and Teaching

Authors: Kimberly Eddleston and Isabel C Botero

Investing for a Better World: A Conversation with Justin Rockefeller

Perhaps no other family is more synonymous with both capitalism and philanthropy than the Rockefellers. The family ’s fortunes in oil have made it possible for them to invest in initiatives that Read More...

Category: Interviews

Author: Kimberly Eddleston

How Family Business Leaders Can Encourage Both Devotion and Performance

Family businesses have unique strengths and unique problems because they blend two identities -- "family" and "business" -- whose priorities are often at odds. While the family identity nurtures Read More...

Category: Applied and Practice

Authors: Roland Kidwell and Kathryn Kloepfer

A Family Firm Can Be Both an Innovator and a Great Place to Work

Photo Courtesy of Carl Schlenk AG To thrive, family firms need to cultivate loyal, long-term employees, as they ensure a stable and reliable business. At the same time, family firms need to encourage Read More...

Category: Research Insight

Authors: Emanuela Rondi , Ruth Überbacher , Leopold von Schlenk-Barnsdorf , Alfredo De Massis and Marcel Hülsbeck

One Family, Multiple Businesses: Preserving Harmony and Profits

For business or emotional reasons, sometimes one family ends up with more than one business under its umbrella. An entrepreneurial, ambitious family member may want to launch a new venture, or a Read More...

Category: Interviews

Author: Kimberly Eddleston

New Ways Business Owners Can Use Boards

  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: Commentary

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