Tag: family business advice

'Performance-Enhancing Vices': Good for Business, Bad for Relationships

Many legendary business leaders -- think Steve Jobs, or Elon Musk -- have had troubled personal lives. According to business advisor and author David Werdiger, the same traits that make someone Read more

Family History Can Be Repurposed to Serve Today's Challenges

The stories that families tell about their past matter. Here are some ways that families can begin to use the past to serve their present-day goals. EDITOR’S NOTE: This article was produced in Read more

How Do Owners of Family Business Portfolios Restructure Poorly Performing Firms?

Families can get emotionally attached to laggards in their portfolios and avoid taking tough but necessary action, putting the entire enterprise in peril. EDITOR’S NOTE: This article was produced Read more

Academy of Management Honors FamilyBusiness.org Editor Kimberly Eddleston

Kimberly Eddleston, Founding Editor of FamilyBusiness.org and a longtime contributor to its sister publication EIX, was recently honored by the Academy of Management (AOM) with its 2024 Practice of Read more

With Women Directors, Strategy Disclosure Decreases Cost of Capital at Family Businesses

The decision to disclose strategy information is critical, as it reveals managerial actions, providing financial stakeholders with the information required to assess the firm’s competitive Read more

Storytelling Vividly Illustrates Your Family Business Values

Values can form a strong foundation for a family business. Through shared values, we feel united and form a bond of culture, history, and pride. This bond can motivate each member of the family to Read more

Renewing the Empire: A Family Firm's Succession and Refit Journey

While the global business environment is forever changing, family firms often stand for longevity and stability -- and stable, long-term management is a key strategic element in their performance Read more

How Business Families Can Invest for Social Impact

“ My great-great grandfather spent the first half of his life making money, and the second half of his life, giving it away - and the family has continued a strong tradition of both business and Read more

Should Former Leaders Stay Involved in the Family Firm?

For many family business owners, thinking about succession can be challenging. It’s a lengthy process, and filled with questions and activities that seem daunting initially. However, it is Read more

Why Families and Their Firms Behave Badly

Sometimes the worst behavior happens for all the right reasons. Putting "family first" can jeopardize the business's health and longevity. EDITOR’S NOTE: This article was produced in partnership Read more