family business advice
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Baby Boomers are set to hand down trillions of dollars to younger generations. Family firms must consider how to transfer their ownership shares, and how much goes to whom. Around the world, an aging Read More...
Category: Practice Insight
Authors: Martin Kemp and Susan Lanz
The goals of the family and the business are often at odds. Family history can inspire bold and necessary steps that are still in harmony with the family’s image of itself. A family sitting around Read More...
Category: Research Insight
Authors: Lara Pecis , Bingbing Ge and Florian Bauer
Your "owners' strategy" should consider that in the future, the family firm will likely have many more owners. Take a broader focus when you develop it. In the US, most family business advisory firms Read More...
Category: Practice Insight
Authors: Claudia Binz Astrachan and Tom Rüsen
Fiduciary boards keep family firms focused on the long term, rather than on short-term, tactical strategies. But many family firms resist having one, fearful of losing control of their enterprise. Read More...
Category: Interviews
Author: Kimberly Eddleston
Interviewee: David Karofsky
Many family firms are not fully sure of their legacy and how to communicate it to others. Research suggests ways to get a better handle on it. EDITOR’S NOTE: This article was produced in Read More...
Category: Research Insight
Authors: Miruna Radu-Lefebvre , Jim Davis and William Gartner
Like many family business leaders, John Dutton struggles to uphold longstanding traditions while external competitive pressures mount and next-gens clamor for change. "Yellowstone" is an American Read More...
Category: Practice Insight
Authors: Robin Burns and Ana Gonzalez
Consumers Love Local Brands. That's Good News For Family Businesses Being a family firm enhances a brand's local appeal and influences consumer purchasing behaviors. Consumer preferences are increasingly favoring brands with a strong local identity. The reasons for Read More...
Category: Research Insight
Authors: Philipp Jaufenthaler , Andreas Kallmuenzer , Sascha Kraus and Alfredo De Massis
On an ideal board, directors with different levels of experience, backgrounds, and interests form a cohesive team that pulls in the same direction, and that achieves more together than "the sum of Read More...
Category: Practice Insight
Authors: Lars B. Sonderegger and Claudia Binz Astrachan
It can be dangerous to ask executive assistants or your CFO to manage your personal finances. RSM's Ben Berger shows why a separate office helps both business and family manage money responsibly. All Read More...
Category: Interviews
Author: Kimberly Eddleston
Interviewee: Ben Berger
A conversation orientation in the family carries over to the business -- especially for women, who are increasingly becoming the family firm's "vocal heroes." Have you ever wondered if family Read More...
Category: Research Insight
Authors: Kristen Shanine and Kristen Madison