family business advice

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Give Future Leaders Exposure to Critical Roles

A job rotation program gives next-gens both hands-on experience and a working knowledge of different departments and important outside relationships. A family business’s future leaders may have Read More...

Category: Interviews

Author: Kimberly Eddleston

Interviewee: Aimee Wrubel

New Family Business CEOs Must Claim the Seat, Not Just Inherit the Title

When a successor becomes CEO, the title may change overnight — but authority, identity, and trust do not. Next-generation leaders must act like the CEO before they feel like one. A successor takes Read More...

Category: Practice Insight

Author: Dr. Benjamin Ritter

What Family Businesses in Africa Can Teach Us About Women Leaders

Large family firms in countries such as Ghana, Kenya, and Madagascar show that women’s leadership can thrive when families widen their view of succession. In many parts of the world, businesses are Read More...

Category: Research Insight

Authors: Jan-Philipp Ahrens , Maria Giuseppina Bruna , Cinzia COLAPINTO and Salam SAMI

When Keeping the Business in the Family No Longer Makes Sense

A study of German family businesses showed that as intra-family succession becomes more difficult, families are increasingly open to selling — and intermediaries are emerging to help match owners Read More...

Category: Research Insight

Authors: Allan Sandham and Isabell Stamm

Why Family Business Founders Struggle to Step Back During Succession

Founder resistance is often more complicated than control. Empathy can help families understand what founders are trying to protect — and what their continued involvement may be preventing. Read More...

Category: Practice Insight

Author: Paul Edelman

Always Putting Out Fires? Time to Rethink How Work Gets Done

When every problem feels urgent, it often signals an inability to prioritize. Leaders need to identify why this is happening, and develop protocols for moving forward. When a company leader complains Read More...

Category: Interviews

Author: Kimberly Eddleston

Interviewee: Nicole West

Fair Does Not Always Mean Equal: Ownership Decisions in Family Business

Families often struggle to decide whether shares should be divided equally among children or reflect leadership, sacrifice, and “sweat equity.” In family businesses, few conversations generate Read More...

Category: Practice Insight

Authors: Claudia Binz Astrachan , Lindsay Hardie and Joseph Astrachan

Why Family Business Strengths Can Become Weaknesses in a Crisis

Family businesses often rely on loyalty, long-term thinking and strong relationships. But research shows those same strengths can backfire when crisis hits. For most family business owners, the Read More...

Category: Research Insight

Author: Michael Kuttner

Can a Family Stay a Business Family After Selling the Business?

A study of German family firms shows that regular, meaningful contact between the family office and the family can preserve shared purpose after an exit. EDITOR’S NOTE: This article was produced in Read More...

Category: Research Insight

Authors: Clemens Krüger , Christian-Titus Klaiber and Reinhard Prügl

Strong Family Businesses Think Short Term and Long Term at the Same Time

In a crisis, family firms cannot afford to focus only on immediate survival or future legacy. The most resilient ones do both, drawing on past lessons, trusted relationships, and long-standing Read More...

Category: Research Insight

Authors: Vanessa Diaz Moriana , Eric Clinton , Catherine Faherty and Colm O'Gorman