Running a family business tips
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Family businesses should consider a social media policy as a relatively “low-hanging fruit” to introduce the next generation to governance work. Does your business family have a social media Read More...
Category: Practice Insight
Authors: Claudia Binz Astrachan , Tom Rüsen and Rebecca DeYarman
Family firms often frame their history as a tale of generations (e.g., first, second, third – generation). This approach has become so ingrained in how we think about family and organizational Read More...
Category: Research Insight
Authors: Christina Lubinski and William Gartner
Recent events in the US Presidential race have focused people around the world on the topic of leadership and age. When is a leader, whether of a country or a business, too old to do the job? When Read More...
Category: Commentary
Author: Salvatore Sciascia
Many of us are (or at least we believe ourselves to be!) natural-born problem solvers: Once we recognize a problem, we want to resolve it as expediently as possible. As a result, we fall into Read More...
Category: Practice Insight
Authors: Joseph Astrachan and Claudia Binz Astrachan
When a family firm reaches a certain size, the family may decide to transfer their wealth and their ownership into a family office. These offices help business families manage their wealth across Read More...
Category: Research Insight
Authors: Joern Block , Reza Fathollahi and Onur Eroglu
Part 2 of a two-part series As we showed in part 1 of this discussion , trying to use budgets as both a planning tool and an expectations setting tool can be destructive, because the self-interests Read More...
Category: Practice Insight
Author: Joseph Astrachan
Part 1 of a two-part series Are you familiar with any of the following scenarios? “My business unit leaders never set realistic budgets, I have to push them and prod them to get growth—did I hire Read More...
Category: Practice Insight
Author: Joseph Astrachan
While family members running a business together often lean on one another for advice, they can often learn best from people running other family businesses. Family business centers around the Read More...
Category: Interviews
Author: Kimberly Eddleston
FamilyBusiness.org Editor-in-Chief Kimberly Eddleston talks with two sets of twins working in their families' consulting firms -- Jenny Dinnen and Katie Rucker of MacKenzie Corporation , and James Read More...
Category: Interviews
Author: Kimberly Eddleston
Creating a board of directors is not a one and done activity. As a business grows and the business environment evolves, boards often need to be revitalized and transformed to adjust to the new Read More...
Category: Applied and Practice
Authors: Joseph Giglio and John Friar