Tag: family business advice

When Family Business Reputation Helps—and When It Hurts

Family firms often enjoy strong consumer goodwill, until they engage in deliberate misconduct -- when higher expectations can produce deeper disappointment and sharper backlash. EDITOR'S NOTE: This Read more

Why People Risk Belongs on Every Family Business Board Agenda

Boards routinely scrutinize financial and strategic risk. But talent shortages, leadership culture problems, and succession gaps can erode long-term value just as quickly. People risk belongs on Read more

Before You Grow the Family Business, Know What Not to Break

The challenge during succession is that not every inherited element deserves to be preserved. But not every piece of the legacy is safe to disrupt, either. One of the most common mistakes in family Read more

AI in Family Business: Why Brain Capital Is Your Real Competitive Advantage

AI can speed analysis and recommendations, but it cannot build trust or regulate conflict. Here's why Brain Capital -- judgment, resilience, and governance maturity -- will determine whether family Read more

Family Offices Are Booming—But Do They Actually Work?

Research still can’t clearly explain when they deliver real value. A review shows what we know, what we don’t, and how families can close the needs-to-services gap. EDITOR‘S NOTE: This article Read more

What Nonfamily Managers Need From Family Firm Leaders

Vision matters—but so does individualized consideration. This study shows nonfamily managers perform better when CEOs pair transformational leadership with genuine, personalized attention and Read more

How Families Can Re-Engage Reluctant Successors Without Pressure

Successors recommit when roles align with their values, skills, and life stage—and when family dynamics allow earlier experiences to be reinterpreted. Many family firms think about succession when Read more

How Families Shape Successor Motivation—and the Firm’s Long-Term Direction

Family firms don’t have goals—people do. The rise and fall of Italy's Florio dynasty shows how successor motivation shapes the balance between growth, legacy, and community—and how families can Read more

Family Offices Are Expanding Their Role

As family attitudes towards wealth, purpose, and legacy evolve, their offices are doing more than just managing wealth, a study shows. Family offices are no longer quiet custodians of wealth. Based Read more

Will Your Nonfamily Employees Defend Your Business? 

A stewardship climate, where employees feel trusted and truly valued, mobilizes nonfamily employees to defend the family firm against reputational threats. EDITOR’S NOTE: This article was produced Read more