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Tag: Successful family businesses

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By Tom Rüsen, Torsten Groth and Arist von Schlippe on Wed May 05 2021

There is no one-size-fits-all approach to family business succession planning. Every situation is different and every family is uniquely complex. However, some principles appear to transcend culture Read more

By Shital Jayantilal, Silvia Ferreira Jorge and Tomas M. Banegil Palacios Family businesses are especially conflict-prone, since sibling rivalry and other emotional undercurrents sometimes cloud Read more

By Joseph Astrachan and Claudia Binz Astrachan on Wed Sep 23 2020

In this interview, Joseph Astrachan – one of the world’s most well-versed experts on dealing with issues pertaining to business families – shares his thoughts on family dynamics and family Read more

By James Hoffman, Ritch Sorenson and Keith Brigham on Wed Jan 15 2020

Only about a third of family businesses make it to a second generation beyond the founder. Conventional wisdom says that these firms falter because the owners didn’t have a succession plan, or the Read more

By Claudia Binz Astrachan on Mon Mar 11 2019

Succession is one of the biggest challenges a family business can face. Many business owners and families assume that family business succession planning will be difficult, risky and conflict-prone, Read more

By Richard Eisenberg on Tue Jan 22 2019

Nothing succeeds like success, the saying goes. But for family businesses, it’s smart family business succession planning that can be the key to sustaining the company in the future and keeping it Read more