Category: Education and Teaching

Why Family Businesses Need Formal HR Policies

Informal people practices can create favoritism, confusion and conflict. Formal HR rules help family firms treat employees fairly and improve performance. Hiring, training, appraising and Read more

Farmingdale State College took its cue from EIX's e-Fest to introduce its own Innovation Challenge, which taught non-business students to collaborate and innovate. Entrepreneurship and innovation Read more

Why Family Businesses Lose Valuable Non-family Executives

A key executive quit after years of uncertainty about pay, ownership and succession. The case shows why family firms must communicate career paths before problems erupt. NOTE TO TEACHERS: The Read more

How Family Firms Can Use Scenario Planning to Survive Disruption

By asking what-if questions, family businesses can identify threats to their business model and prepare strategies before major changes arrive. While the world around them is changing at a faster and Read more

How Self Employed Workers Can Estimate Startup Costs and Cash Flow

The Marginal Income Model helps new independent workers estimate startup costs, cash needs, pricing, breakeven and how long their money may last. Today people can no longer count on a steady paycheck Read more

How to Build a Stronger Board for a Family Business

Strong family business boards use competency-based selection, outside directors, diverse skills and limited family representation to improve governance. It's important that current or future members Read more

Traditional classroom lecture/discussion formats, followed by quizzes and exams, don’t prepare graduates for explaining their innovation to real-world skeptics. Editor's Note: Click to download Jim Read more

Class Explores Legal Aspects of Business Entities

The Law and the Entrepreneur course at Bradley University explores the legal aspects of the different options for structuring a business -- LLCs, sole proprietor, partnerships and others. In 2011, I Read more

Many entrepreneurship professors want to provide students with applied learning experiences. Yet, implementing an applied project in a large, introductory entrepreneurship course can be a challenge. Read more

Design Thinking helps entrepreneurs understand their potential customers' real wants and needs – at a deep, often emotional level. Entrepreneurs often start their business with a "good" idea they Read more