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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

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

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

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

executives may be family members from one generation or multiple generations, or a top management team Read More...

Category: Research Insight

Authors: Roland Kidwell , Anneleen Michiels and Isabel C Botero

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

'CHAOS' Brings Order to Family Businesses

family council;  Courting the opinions of external advisors; Opening the board and the management team Read More...

Category: Commentary

Author: Salvatore Sciascia

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

Family Firms May Need More Legal Advice Than They Think

Working with a team of researchers from both business administration and law, we conducted in-depth interviews Read More...

Category: Research Insight

Authors: Kajsa Haag , Hanna Almlöf , Marina Madsen and Mette Neville