family business advice
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Family businesses should consider a social media policy as a relatively “low-hanging fruit” to introduce the next generation to governance work. Does your business family have a social media Read More...
Category: Practice Insight
Authors: Claudia Binz Astrachan , Tom Rüsen and Rebecca DeYarman
Over the past month the entertainment world has been buzzing about the reunion of Oasis, one of the major bands of the '90s. This concerns brothers Noel and Liam Gallagher, who were able to rise to Read More...
Category: Commentary
Author: Salvatore Sciascia
Family firms are strongly influenced by the behavior of family members in those organizations, thus toxic behavior is a major risk for the continuity and success of any family firm. A great deal of Read More...
Category: Research Insight
Authors: Benjamin McLarty and Daniel T. Holt
Many legendary business leaders -- think Steve Jobs, or Elon Musk -- have had troubled personal lives. According to business advisor and author David Werdiger, the same traits that make someone Read More...
Category: Commentary
Authors: Kimberly Eddleston and David Werdiger
Family firms often frame their history as a tale of generations (e.g., first, second, third – generation). This approach has become so ingrained in how we think about family and organizational Read More...
Category: Research Insight
Authors: Christina Lubinski and William Gartner
Families can get emotionally attached to laggards in their portfolios and avoid taking tough but necessary action, putting the entire enterprise in peril. When a family business portfolio includes Read More...
Category: Research Insight
Authors: Marina Palm , Vanessa Diaz Moriana and Nadine Kammerlander
Kimberly Eddleston, Founding Editor of FamilyBusiness.org and a longtime contributor to its sister publication EIX, was recently honored by the Academy of Management (AOM) with its 2024 Practice of Read More...
Category: Commentary
Author: Catherine Buday
The decision to disclose strategy information is critical, as it reveals managerial actions, providing financial stakeholders with the information required to assess the firm’s competitive Read More...
Category: Research Insight
Authors: Rafaela Gjergji , Luigi Vena , Giovanna Campopiano , Salvatore Sciascia and Alessandro Cortesi
Values can form a strong foundation for a family business. Through shared values, we feel united and form a bond of culture, history, and pride. This bond can motivate each member of the family to Read More...
Category: Practice Insight
Author: Eva Fischer Hansen
While the global business environment is forever changing, family firms often stand for longevity and stability -- and stable, long-term management is a key strategic element in their performance Read More...
Category: Research Insight
Authors: Melania Riefolo , Sena Özkara , Baris Istipliler and Jan-Philipp Ahrens