family business advice
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As Prince Andrew showed, one person’s behavior can become everyone's problem. Families must set expectations, outline processes, and provide clarity before emotions take over. In late 2025, King Read More...
Category: Applied and Practice
Author: Maryann G. Bell
As trillions in family-owned companies shift to next-generation leaders, one critical asset is being ignored: the brand. Here’s why brand value—often nearly 20% of enterprise worth—erodes Read More...
Category: Practice Insight
Author: Meghan Lynch
Rather than being inherited like family heirlooms, values are shaped and re-shaped by interactions between the generations at the family firm. EDITOR‘S NOTE: This article was produced in Read More...
Category: Research Insight
Authors: Viktoria Luft , Anne Katarina Heider , Heinrich Liechtenstein and Tarek el Sehity
A family investment policy defines how a family manages its collective financial assets in alignment with its shared values, goals, and risk preferences. As business-owning families move beyond a Read More...
Category: Practice Insight
Authors: Claudia Binz Astrachan , Anneleen Michiels , Massimo Baù and Chris Graves
A study of Italian firms shows how differences can be resolved, so the company can honor tradition and still make progress. EDITOR‘S NOTE: This article was produced in partnership with the Journal Read More...
Category: Research Insight
Authors: Maria Annosi , Mat Hughes , Davide de Gennaro , Roberta Oppedisano and Filomena Buonocore
Unless you clearly state what you want your legacy to be, your successors will interpret it in their own way -- and it might not be what you intended. EDITOR‘S NOTE: This article was produced in Read More...
Category: Research Insight
Authors: Matthew Fox , Kimberly Wade-Benzoni and Jeffrey Covin
Families that learn to use their cohesion, trust, and long-term orientation as strengths can implement strategies more effectively than their non-family peers, especially in times of uncertainty. Read More...
Category: Research Insight
Authors: Torsten Pieper , Claudia Binz Astrachan , Francesco Chirico and Annika Ehlers
Surveys can reveal differing perspectives, surface hidden tensions, and – when done well – build trust, and serve as an educational opportunity. From the boardroom to the family meeting, a Read More...
Category: Practice Insight
Author: Claudia Binz Astrachan
Succession is not a single choice -- It is a chain of choices that interlock and compound. Avoiding any one of them will create friction or ambiguity. Succession is the defining challenge of the Read More...
Category: Applied and Practice
Author: David Deeds
However, those who invested more in R&D and operated in countries with strong and supportive institutions enjoyed better market capitalizations. EDITOR’S NOTE: This article was produced in Read More...
Category: Research Insight
Authors: Ivan Miroshnychenko , Rui Torres de Oliveira , Alfredo De Massis and Ruth Überbacher