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Tag: Successful family businesses

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By Kimberly Eddleston on Tue Mar 28 2023
Interviewee: Diana Clark

Preparing the next generation for leadership is an important mission for family businesses. But all too often, the comfortable lifestyle that family wealth makes possible does not do the younger Read more

By Doug Gray, PhD on Fri Mar 24 2023

Assessments, tests, and evaluations are being used more routinely in businesses, and new tools are coming on the market designed specifically for family firms. In our consulting work with families Read more

Family businesses often behave in unique ways: They forego business opportunities to retain the family’s control over the business, stick to family traditions that are outdated, and prefer family Read more

By Jon Keimig on Tue Mar 21 2023

The University of St. Thomas (Minneapolis) Family Business Center in February 2023 put together a panel discussion for family firms, focusing on lessons learned from families who sold their Read more

By Kimberly Eddleston on Wed Mar 15 2023

Family business researcher, lecturer, and advisor Claudia Binz Astrachan has studied first-hand how effective boards of directors steer family business management towards strategies that make the Read more

By Mat Hughes and Mira Bloemen-Bekx on Fri Mar 10 2023
Interviewee: Mira Bloemen-Bekx

Family businesses everywhere are responding to the succession challenge in profound ways. Preserving cherished family traditions and relationships is just as important as preserving the wealth of the Read more

By Adrian Stutz, Sabrina Schell and Andreas Hack on Wed Mar 08 2023

One of the greatest challenges today for any firm is to operate a sustainable business model. Besides helping to address climate change, such a model can help improve firm performance. When a firm is Read more

By Wojciech Czakon, Monika Hajdas and Joanna Radomska on Fri Mar 03 2023

One of the key concerns for family businesses is continuity. Unlike non-family firms, many family businesses display a longevity that may span over centuries. In order to survive such long periods, Read more

Promoting the family behind the family business can often bring benefits. Consumers can feel better about a product or service – and more likely to trust it and buy it -- if they know a Read more

Expanding into other countries can open up new opportunities and revenue streams for all kinds of businesses around the world. This is especially true within the European Union, where products can Read more