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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forego business opportunities to retain the family’s control over the business, stick to family traditions that are outdated, and prefer family Read More...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

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

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

Advice for Family Business Successors: Be Humble and Curious

  David Bentall found out the hard way that his leadership of his family's construction and real estate firm wasn't working: his own uncle removed him from the company. Losing his job was a Read More...

Category: Interviews

Author: Kimberly Eddleston

How Family Firms Can Prevent (or Cool Down) Sibling Rivalries

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