Tag: Entrepreneurship

Founders who possess hard-to-replace technical expertise may have greater staying power when their companies raise capital or go public. In 2003 Noam Wasserman introduced the term “Paradox of Read more

Six Ways the German Mittelstand Innovates With Limited Resources

Research identifies six practices that help Germany's Mittelstand family firms innovate successfully despite constraints on capital and talent. Family firms often face limits on the financial and Read more

Successful entrepreneurs can influence future generations through mentoring, philanthropy, institution building and stories that become part of a region’s collective memory. Entrepreneurship Read more

Why There Should Be No Birthright to a Job in the Family Business

Joe Brito says relatives should earn their place by starting at the bottom, learning the business and proving themselves before moving into leadership roles. Joe Brito, the third-generation head of Read more

Connecting academic research with real business problems can improve relevance, generate funding and help professors produce insights managers can actually use. James Wetherbe is the Richard Schulze Read more

Why Family Businesses Need Outside Leaders to Survive Across Generations

Family firms can outgrow the skills of their founders. Hiring experienced outside leaders can strengthen the business and prepare the next generation to lead. Cultures around the world acknowledge Read more

How Family Firms Can Use Scenario Planning to Survive Disruption

By asking what-if questions, family businesses can identify threats to their business model and prepare strategies before major changes arrive. While the world around them is changing at a faster and Read more

How Self-Employed Workers Can Estimate Startup Costs and Cash Flow

The Marginal Income Model helps new independent workers estimate startup costs, cash needs, pricing, breakeven and how long their money may last. Today people can no longer count on a steady paycheck Read more

Growth can create value, but it can also damage culture, quality, control and sustainability. Founders should decide what kind of company they actually want to build. According to Benjamin Franklin, Read more

Collaborative exercises, presentations, role-playing and peer feedback help students practice the communication and problem-solving skills employers actually expect. Editor's Note: Click to download Read more