family business succession planning
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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
Daughters can become strong and credible successors when families involve them early, clarify authority, support professional development, and make room for new models of leadership. While daughters Read More...
Category: Applied and Practice
Authors: Simon Caspary and Tom Rüsen
From death and divorce to disruption and disrepute: these 12 hidden risks can weaken family enterprises over time. Family enterprises are often admired for their long-term orientation, strong values, Read More...
Category: Practice Insight
Authors: Matthew Crudgington and Peter Vogel
A leader's tacit knowledge can make the company more successful, but it's a challenge to understand what's behind it or how to pass it down to next-gens. A family business leader's instinct -- often Read More...
Category: Interviews
Author: Kimberly Eddleston
Interviewee: Meghan Lynch
An unexpected death or disability can wreak havoc on a family business's best-laid plans. Patricia Annino, a Senior Advisor and Associate Partner at Cambridge Family Enterprise Group, has seen many Read More...
Category: Commentary
Author: Kimberly Eddleston
Interviewee: Patricia Annino
When decisions become emotionally charged, it becomes harder to think clearly just when clear thinking is needed most. A family business leader said to me recently, “We need to make a decision, but Read More...
Category: Practice Insight
Author: Paul Edelman
The challenge during succession is that not every inherited element deserves to be preserved. But not every piece of the legacy is safe to disrupt, either. One of the most common mistakes in family Read More...
Category: Commentary
Authors: Meghan Lynch and Mat Hughes
AI can speed analysis and recommendations, but it cannot build trust or regulate conflict. Here's why Brain Capital -- judgment, resilience, and governance maturity -- will determine whether family Read More...
Category: Practice Insight
Author: Doug Gray, PhD
Successors recommit when roles align with their values, skills, and life stage—and when family dynamics allow earlier experiences to be reinterpreted. Many family firms think about succession when Read More...
Category: Research Insight
Authors: John Cater , Roland Kidwell , Megan Harper and Marilyn Young
Unrealistic depictions of the sacrifices and tradeoffs of family business leadership -- streamed repeatedly -- can color younger people’s attitudes towards taking the helm. Popular TV dramas like Read More...
Category: Commentary
Author: Sara E. Miller