Category: Applied and Practice

It is always exciting when a startup grows big enough to hire beyond the founding team. It can also be frightening for the founders, because being an employer means new responsibilities: writing job Read more

The transportation industry, and the shift to renewable energy, is ripe with opportunities for entrepreneurs and innovators who yearn to help shape a more sustainable future and boost their own Read more

The rapid advancement of generative AI (GenAI) tools like ChatGPT, DALL-E, and others represents an exciting new frontier for enhancing human creativity. As these technologies gain capabilities once Read more

Punishment, Reward, Control: How Money Shows Up in the Business Family

In popular culture, the portrayal of family businesses in movies and TV shows, such as Ridley Scott’s "House of Gucci" or HBO’s "Succession," often revolves around the pursuit of wealth and the Read more

Master Three Perilous Stages of Family Business Transition

Succession is the biggest threat to the robust returns of family business ownership . If you don’t master the three perilous stages of transition, you risk damaging your family business and legacy. Read more

For startups and entrepreneur-led businesses, purpose is an outcome of an iterative sensemaking process. Sensemaking is the underappreciated strategic activity of making sense of what is going on in Read more

Professors April Spivack and Michael Morris integrated operating leverage as a component of a firm’s economic input when describing their Entrepreneur’s Profit Model . Operating leverage should Read more

Do You Treat In-Laws Like the Family Business Outlaws ?

Have you heard this before? “If it wasn’t for my in-laws, our family would be fine!” Such frustrated statements are typically followed by rants about how someone spends too lavishly, does not Read more

Keep the Founder's Entrepreneurial Spirit Alive in Future Generations

Most significant wealth is created through entrepreneurship, and in many countries family business plays a large role. But once the family business is established and successful, what further Read more

10 Things That Help Family Businesses Preserve Their Legacy

From small shops to large multinational corporations, family-owned firms are the anchoring organization in our society. They are pervasive, expanding, and a core employer of human capital and Read more