How Family Firms Help Non-Family Employees Feel Like Family

Family businesses often behave in unique ways: They forego business opportunities to retain the family’s control over the business, stick to family traditions that are outdated, and prefer family Read More...

Category: Applied and Practice

Authors: Peter Jaskiewicz , Josh Hsueh , Elizabeth Tetzlaff and Giovanna Campopiano

Seven Things to Consider Before Selling the Family Firm

  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

The Biggest Mistakes Family Businesses Make With Their Boards

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

Succession Planning Should Start Earlier Than You Think

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: Commentary

Authors: Mat Hughes and Mira Bloemen-Bekx

How Family Firms Can Ensure Being Sustainable Pays Off

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

How Family Businesses Survive Unexpected ‘Wild Cards’

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

Falling from Grace: How Scandals Affect Family Businesses

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

Diverse Boards Help Family Businesses Expand Internationally

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

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

How to Fix Succession Conflicts Stemming From Complicated Families

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