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Should You Brand Your Family Business? Evidence from Research and Practice

Should you join the growing number of family businesses that proudly promote the fact that they are (and have been) family owned – for decades, some even for centuries? Or do you prioritize your Read More...

Category: Applied and Practice

Author: Claudia Binz Astrachan

How Scotch Whisky is Fueling Decades of Good Works

What do successful entrepreneurs do beyond generating wealth? This question holds interest for so many of us.  Many wealthy individuals have the ability to buy whatever they want, do whatever Read More...

Category: Applied and Practice

Authors: Niall MacKenzie , Martin Gannon and Jillian Gordon

Four Things that the Best Family Business Boards Do Well

First of a two-part series Can you quantify your board’s contribution to the performance of your family business? Even if you can’t put a number on it, you should have a keen sense of how much Read More...

Category: Applied and Practice

Authors: Claudia Binz Astrachan , Joseph Astrachan and Hermut Kormann

Family Business Succession Planning: 10 Golden Rules

There is no one-size-fits-all approach to family business succession planning. Every situation is different and every family is uniquely complex. However, some principles appear to transcend culture Read More...

Category: Applied and Practice

Authors: Tom Rüsen , Torsten Groth and Arist von Schlippe

Buying vs. Leasing Equipment: Which One is Better?

When running a business, you might have come across the same question as everybody else, “should I buy or lease equipment?” The answer to that question primarily depends on your business’ Read More...

Category: Applied and Practice

Author: Rumzz Bajwa

What Families in Conflict Can Learn from Baseball and Teachers

Either a private family business conflict ends up in the courts, or gets settled by alternative methods involving third-party neutrals – usually mediation and arbitration. These neutral parties can Read More...

Category: Applied and Practice

Authors: Michael Carrell and Louis Manchise

How Long Can Your Company Go Without Revenue?

In a recent podcast "Invest Like the Best" by Patrick O’Shaughnessy, the host was interviewing Atreides Management Founder and CIO Gavin Baker on the current investment environment during the Read More...

Category: Applied and Practice

Author: Phil Greenwood

Three Strengths that Can Help Family Firms Survive Covid

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

Developing responsible owners in family business

“When owners start talking about their rights rather than their responsibilities, a family business is in trouble“.  (Smith Lanier) Introduction Management and organization research and Read More...

Category: Applied and Practice

Authors: Torsten Pieper and Joseph Astrachan

Women Can Help Their Family Businesses Navigate Crisis

Women can be indispensable in times of trouble, but the glass ceiling and the glass cliff still hold them back, even at family firms. Seven things to think about. Crisis is part of every Read More...

Category: Applied and Practice

Author: Rania Labaki