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A Charismatic Family Business Founder Can Be a Tough Act to Follow

For all kinds of companies including family businesses, a charismatic founder or leader can bring profound benefits, especially if he or she is well-liked. It can boost sales and make it easier to Read More...

Category: Commentary

Author: Kimberly Eddleston

Good Intentions Can Sow Dysfunction at Family Businesses

People wear many hats at family businesses: owners, managers, and family members. All too often, says family business advisor Sara B. Stern, they're thinking like family members rather than owners Read More...

Category: Commentary

Authors: Kimberly Eddleston and Sara Stern

'CHAOS' Brings Order to Family Businesses

advisors (H), Availability of external resources (A), Organizational clarity (O), and Succession planning Read More...

Category: Commentary

Author: Salvatore Sciascia

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

The Family Business 'Generation Gap' Can Undermine Success

The upcoming generation of family firm leaders often don't see things the same way as their parents and grandparents do. Professor Peter Jaskiewicz has explored this disconnect deeply in his new book Read More...

Category: Interviews

Author: Kimberly Eddleston

How to Transform an Outdated Board

  Landsberg (2022) found that “very few family companies have programs in place to develop, vet, Read More...

Category: Applied and Practice

Authors: Joseph Giglio and John Friar

Does the Family Matter? Improving Executive Compensation Practices in Family Firms

conclude with tips for family firm leaders to consider in putting together an executive compensation plan Read More...

Category: Research Insight

Authors: Roland Kidwell , Anneleen Michiels and Isabel C Botero

Growing Pains: Helping a Family Office to Evolve

asked to reflect on how they might assist the family and the family office advisors, and to propose a plan Read More...

Category: Education and Teaching

Authors: Torsten Pieper and Claudia Binz Astrachan

Generative AI Can Help Family Businesses Innovate and Grow

It can do predictions from sentiment analysis for news or information, and even software development. Read More...

Category: Interviews

Authors: Mat Hughes and Paavo Ritala

Why Don't You Educate Your Owners?

in annual revenue -- showed that while business families overwhelmingly believe in the value of developing Read More...

Category: Applied and Practice

Authors: Tom Rüsen , Claudia Binz Astrachan and Ruth Orenstrat