Family Business
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Family businesses are the backbone of many economies. However, many potential successors of family businesses decide not to join the family business at first, but to become entrepreneurs themselves. Read More...
Category: Applied and Practice
Authors: Nadine Kammerlander and Larissa Leitner
Family firms often face limits on the financial and human capital available to them. But in Germany, a class of small- to medium-sized businesses known as the "Mittlestand" has learned to transcend Read More...
Category: Commentary
Author: Alfredo De Massis
Joe Brito, the third-generation head of C.B. Utility Co. in Bristol, Rhode Island, started his career in the family business as a laborer. He firmly believes that anybody entering their family Read More...
Category: Commentary
Author: Kimberly Eddleston
Interviewee: Joseph Brito, Jr.
Family businesses have unique strengths and unique problems because they blend two identities -- "family" and "business" -- whose priorities are often at odds. While the family identity nurtures Read More...
Category: Applied and Practice
Authors: Roland Kidwell and Kathryn Kloepfer
Cultures around the world acknowledge just how difficult it can be for a family-run enterprise to sustain itself over time. Many have their own version of the adage that family businesses go from Read More...
Category: Commentary
Author: Robert Sher
While the world around them is changing at a faster and faster pace in the midst of uncertainty, family firms are often a beacon of stability and dependability in our society. Although subject to the Read More...
Category: Education and Teaching
Authors: Franz Kellermanns and Nadine Kammerlander
Today people can no longer count on a steady paycheck in a predictable amount from an employer. We're seeing ever-growing numbers of “unintended entrepreneurs” -- once-employed people forced to Read More...
Category: Education and Teaching
Author: Roy Carriker
It's important that current or future members of a family business understand best practices for assembling a Board of Directors (BOD). That's why we explore this in depth as part of a basic family Read More...
Category: Education and Teaching
Author: Whitney Peake
It’s been said (ruefully) that Ginger Rogers had to perform the same dance moves as Fred Astaire, only backwards and in high heels. Unfortunately, this also holds true for women seeking financing Read More...
Category: Theory and Research
Author: Kimberly Eddleston
For students from family businesses to fully benefit from participating in a family business class, it is essential that they open up and share their experiences, both good and bad. The more the Read More...
Category: Education and Teaching
Authors: Kimberly Eddleston and Devina Raithatha