Tag: business family

When a Family Business Faces a Crisis, Should the Founder Step Aside?

Founders may react too aggressively when their businesses are threatened. New research reveals when the next generation may be better equipped to lead a turnaround. EDITOR'S NOTE: This article was Read more

Why Prominent Business Families Dive Into Politics

Across the world -- from Italy's Berlusconi, to the US’s Kennedy family, to Chile's Matte -- wealthy business families have not only been part of the economic elite but are also political Read more

Helping Next-Gens Envision Their Family Firm’s Future Success

A comprehensive and convincing vision is crucial in helping family businesses be successful over generations. However, many lectures and course exercises that prepare future leaders merely ask Read more

What the Pandemic Has Taught Us About Crisis Management

Because COVID-19 had effects unlike any other crisis, crisis management research has received increased attention in the past few years. Within a few weeks, economic life was turned completely upside Read more

Family Business Succession Planning: 10 Golden Rules

There is no one-size-fits-all approach to family business succession planning. Every situation is different and every family is uniquely complex. However, some principles appear to transcend culture Read more