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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forego business opportunities to retain the family’s control over the business, stick to family traditions that are outdated, and prefer family Read More...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
Should family members work outside the family business before joining? Experts have long recommended that this is the best (and only!) way for the next generation to learn the skills and knowledge Read More...
Category: Commentary
Authors: Joseph Astrachan , Isabel C Botero , Carol Wittmeyer and Claudia Binz Astrachan
Despite the COVID-19 pandemic being mostly behind us, many organizations, particularly family-led small and medium-sized businesses (SMEs), are still grappling with the fallout. During a crisis or Read More...
Category: Research Insight
Authors: Qizhen Cai and Kimberly Eddleston
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
Diversity and inclusion programs are being embraced by firms of all sizes everywhere. In this interview, family business Editor Kim Eddleston talks with Professor Michelle Duguid, who runs the Read More...
Category: Interviews
Author: Kimberly Eddleston
It’s been proven that dedicated employees who go above and beyond what the job specifies help their companies be more efficient and keep customers happy. Other research has shown that leaders can Read More...
Category: Research Insight
Authors: Kimberly Eddleston and Kristen Madison
Family businesses are unique, with many advantages that stand them in good stead during times of crisis. While there are unique strengths for family-owned firms working in a world changed by Read More...
Category: Applied and Practice
Author: Doug Baumoel
EDITOR'S NOTE: This popular article from three years ago is still relevant today. The author has updated it for 2023. Three years ago, we were emerging from a fiercely battled presidential election Read More...
Category: Applied and Practice
Author: Carol Wittmeyer
Many family businesses grow and thrive in the first generation because of the passion and commitment of their founders. Successive generations often don’t share that same level of dedication, and Read More...
Category: Research Insight
Authors: Sabine Rau , Sabrina Schell and Arndt Werner
Working in a family firm can be either satisfying or stifling for someone who’s not a relative. Interpersonal relationships can be stronger than they would be in non-family firms, and the work Read More...
Category: Applied and Practice
Authors: Franz Kellermanns , Nicole Gottschalck and Christina Guenther