Tag: family business advice

You're Adding a Board of Directors. Is Your Management Team Ready?

A Ukraine-based family business installed a board to provide structure as it scaled globally. Here's how the owners overcame top managers' fears and won their support. Photo: The International Board Read more

Preparing for the Next Generation Starts with Being Investor-Ready

The most important investor may be your own successors. Investor readiness supports smooth transitions, builds trust, enhances enterprise value, and keeps strategic options open—whether you sell, Read more

Rom-Coms Can Complicate Your Succession Planning

Unrealistic depictions of the sacrifices and tradeoffs of family business leadership -- streamed repeatedly -- can color younger people’s attitudes towards taking the helm. Popular TV dramas like Read more

Cooperating with Competitors is Good Business in Japan

Japanese family businesses are encouraged to help one another for the benefit of their shared customers and their community. It has helped them survive setbacks and thrive. Family businesses are a Read more

Why Enterprising Families Need a Code of Conduct

As Prince Andrew showed, one person’s behavior can become everyone's problem. Families must set expectations, outline processes, and provide clarity before emotions take over. In late 2025, King Read more

Will Your Family Brand Survive New Leadership?

As trillions in family-owned companies shift to next-generation leaders, one critical asset is being ignored: the brand. Here’s why brand value—often nearly 20% of enterprise worth—erodes Read more

From 'Passing Down' to 'Building Up': Rethinking Values in Family Firms

Rather than being inherited like family heirlooms, values are shaped and re-shaped by interactions between the generations at the family firm. EDITOR‘S NOTE: This article was produced in Read more

Your Investment Strategy Should Reflect Your Family Values and Goals

A family investment policy defines how a family manages its collective financial assets in alignment with its shared values, goals, and risk preferences. As business-owning families move beyond a Read more

Families Can Overcome Generational Conflicts Over Technology

A study of Italian firms shows how differences can be resolved, so the company can honor tradition and still make progress. EDITOR‘S NOTE: This article was produced in partnership with the Journal Read more

Define Your Legacy, and Strengthen Your Business and Your Impact

Unless you clearly state what you want your legacy to be, your successors will interpret it in their own way -- and it might not be what you intended. EDITOR‘S NOTE: This article was produced in Read more