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Surprising reasons owners exit family businesses

Only about a third of family businesses make it to a second generation beyond the founder.  Conventional wisdom says that these firms falter because the owners didn’t have a succession Read More...

Category: Theory and Research

Authors: James Hoffman , Ritch Sorenson and Keith Brigham

Playing the Succession Game to Ensure Family Business Continuity

eight different interdependent factors that affect how the succession process unfolds: each child’s leadership Read More...

Category: Research Insight

Authors: Shital Jayantilal , Sílvia Jorge and Tomas M. Bañegil Palacios

Developing Your Business Family Strategy: Where to Start and What to Consider

learn about the business and the responsibilities of ownership, and gain skills in management, leadership Read More...

Category: Applied and Practice

Authors: Tom Rüsen , Isabel C Botero , Arist von Schlippe and Torsten Groth

Successful Successions are Never Smooth

What do these successful transitions in leadership have in common? Read More...

Category: Applied and Practice

Author: Claudia Binz Astrachan

Succession, Money, and Relationships Were Top-10 Topics in 2023

FamilyBusiness.org aspires to be the #1 peer-reviewed resource for thought leadership in family business Read More...

Category: Commentary

Authors: Mat Hughes and Kimberly Eddleston

The Family Business 'Generation Gap' Can Undermine Success

outside the family firm, and that falls short of the sense of duty and stewardship they need for leadership Read More...

Category: Interviews

Author: Kimberly Eddleston

Let's Talk About Money -- and Trauma

attitudes about money are shaped and reinforced, especially as successor generations prepare for leadership Read More...

Category: Interviews

Author: Kimberly Eddleston

'CHAOS' Brings Order to Family Businesses

Many people make the mistake of thinking that family businesses are simple businesses. Nothing could be further from the truth. The coexistence of two systems with differing ways of thinking—the Read More...

Category: Commentary

Author: Salvatore Sciascia

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

Establish an executive compensation policy for bringing in new family member leadership before the next Read More...

Category: Research Insight

Authors: Roland Kidwell , Anneleen Michiels and Isabel C Botero