Tag: family business advice

Unforeseen Crisis Made These Family Businesses Stronger

Pandemics, wars, and natural disasters can have a significant impact on the economy and its organizations. Such events are called “exogenous shocks” because they come without warning from the Read more

Perceptions of Family Firms Vary by Country: Why This Matters

Firms that signal they are family-run are usually seen as better quality and enjoy higher levels of trust, except in places like India where they're everywhere. EDITOR'S NOTE: This article was Read more

When the Family Leaves the Business, Can Their Values Remain?

Researchers explored how the Cadbury family’s Quaker values, which prioritized honesty and fairness, have endured even after the confectioner was sold to Kraft. EDITOR'S NOTE: This article was Read more

Succession, Money, and Relationships Were Top-10 Topics in 2023

FamilyBusiness.org aspires to be the #1 peer-reviewed resource for thought leadership in family business for owners and leaders, students, and professors. To achieve this goal, we are building a Read more

Family Business Patriarchs and Matriarchs: When Is It Time to Move On?

Successfully handing over a family business to the next generation of leaders requires both careful planning and exquisite timing. The next generation must be competent enough for leadership and the 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

An Innovation Challenge Can Help Employees Feel More Connected

PD Instore , which designs and builds product displays that help companies create a great customer experience, found an innovative way to help its employees feel more connected with one another. 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

How to Build a Family Business Portfolio: Your Location Matters

While there are many routes to success, research shows that entrepreneurial business families should consider the possible impact of where they live on how they grow. EDITOR'S NOTE: This article was Read more

Good Intentions Can Sow Dysfunction at Family Businesses

People wear many hats at family businesses: owners, managers, and family members. All too often, says family business advisor Sara B. Stern, they're thinking like family members rather than owners Read more