Help with a family business
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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
A family business adviser shares how to improve family dynamics to help younger family members get ready for top roles. To keep a family business within the family, younger family members must be Read More...
Category: Interviews
Author: Kimberly Eddleston
Interviewee: Elizabeth Bagger
Family business succession involves transferring ownership as well as management. Family circumstances and past events lead to three types of ownership transfers. EDITOR’S NOTE: This article was Read More...
Category: Research Insight
Authors: Susan Lanz , Gary Burke , Kajsa Haag and Omid Omidvar
When parents openly display fear of failing, it can unintentionally portray entrepreneurship as unsafe, undesirable, or even shameful. This doesn't help their successors or the business. Why do so Read More...
Category: Research Insight
Authors: Seyyede Sharare Bagherian , Sonia M. Strano , Sohrab Soleimanof , Jon Carr and S. Alireza Feyzbaksh
The best processes and systems come not from outside advisers and experts, but from how families actually live, relate to one another, and make decisions. Family businesses are more than economic Read More...
Category: Research Insight
Authors: Luciana Lucena de Lima and María José Parada
Skip-generation entrepreneurship combines the wisdom of business founders with the energy and tech savviness of their grandchildren. Photo: Lauri Union, founding executive director of the Bertarelli Read More...
Category: Features
Author: Lin Grensing-Pophal
While professional non-family leadership may bring some advantages, the stability brought by family leaders may encourage employees to innovate without fear of failure. Much research has focused on Read More...
Category: Research Insight
Authors: Mario Daniele Amore , Morten Bennedsen , Bordin Bordeerath and Nicolai Foss
When a family member struggles with addiction, the consequences can ripple throughout the firm and increase its risks. Scott, a seasoned executive in a multigenerational family business, approached Read More...
Category: Commentary
Author: Diana Clark