Tag: Successful family businesses

Family Firms: Building Resilience Across Generations

Building on three specific attributes -- long-term orientation, social capital, and values-driven governance -- helps families build strengths for generations to come. Family businesses are often Read more

5 Practical Tips for Making Business Decisions With Family Members

Running a family business doesn’t mean always seeing eye to eye, but you can still overcome challenges, resolve conflicts, and evolve as a team. At 13, I unknowingly took part in my first serious Read more

Business Families Must Get Real About Growth and Payouts

Sometimes the family grows much faster than the business, especially in saturated markets. This has deep implications for how we manage family and business expectations. When we talk to Read more

ESG Essentials For Family Firms

‘ESG is an existential issue. Businesses that don’t demonstrate their commitment to sustainable practices could be punished by consumers, the media and even regulators.’ These are the words of Read more

How Family Businesses Can Recruit the Best C-Suite Candidates

Family-owned businesses often struggle to compete with non-family firms when it comes to recruitment, and understanding the expectations of job seekers is crucial to attract the best talent. Read more

Employees With Toxic Traits Can Still Be An Asset at Family Firms

The emotional connection that families have with their companies can encourage good performance -- even from employees with narcissism, psychopathy, and Machiavellianism. EDITOR’S NOTE: This Read more

Governments Must Encourage Family Enterprise Growth

Policymakers need to recognize the extensive impact these businesses have on local, national, and even international communities, and ensure that efforts are made to support their continuity. 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

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

A child’s upbringing within his or her family often sows the seeds of entrepreneurial success later in life. Yet, families today are increasingly fragile, and many entrepreneurs have experienced Read more