Family Business

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What Family Businesses Should Address Before the Owner Walks Away

Reducing conflict and strengthening business performance may be as important as succession planning when preparing for a leadership transition. Only about a third of family businesses make it to a Read More...

Category: Theory and Research

Authors: James Hoffman , Ritch Sorenson and Keith Brigham

How Family Businesses Can Get Employees to Go the Extra Mile

Employees are more likely to take initiative when family firms blend supportive collaboration with clear monitoring and performance feedback. Family firms typically emphasize one of two management Read More...

Category: Commentary

Authors: Kimberly Eddleston , Franz Kellermanns and Roland Kidwell

How to Assess the Strengths and Weaknesses of a Family Business

A five-part framework can help family firms evaluate control, governance, complexity, priorities and succession to anticipate challenges and opportunities. It's been said that, “Once you have seen Read More...

Category: Applied and Practice

Author: Thomas Zellweger

How Family Business Families Can Survive the Holidays Together

Working together all year can make holiday tensions worse. Boundaries, patience, distractions and realistic expectations can make gatherings easier. While the holidays are supposed to bring magic and Read More...

Category: Commentary

Author: Kimberly Eddleston

How Native American Entrepreneurs Are Overcoming Barriers to Business Ownership

Native American founders are creating companies in fields from broadband to design while drawing on community, tradition and modern technology. This article is part of America’s Entrepreneurs , a Read More...

Category: Features

Author: Chris Farrell

How Second-Act Entrepreneurs Can Turn Passion Into a Business

Midlife founders can pursue a long-held dream while lowering risk through planning, part-time income, community connections and flexibility. (This article is part of America’s Entrepreneurs , a Read More...

Category: Features

Author: Chris Farrell

How Gamification Can Strengthen a Family Business

Conceptualization that is induced by the play (Kolb & Kolb. 2005). This study echoes the thesis of John Dewey (1916), one of the most influential thinkers in educational theory in the 20th century, Read More...

Category: Applied and Practice

Authors: Salvatore Tomaselli and Danilo Maurici

Three Ways Women Can Prepare for Family Business Leadership

Ambition, strong networks and an awareness of bias can help women build credibility and take greater control of their path to family business leadership. If you're reading this article, you may want Read More...

Category: Commentary

Authors: Dr. Susan Laverick and Elizabeth Bagnall

How Family Businesses Can Unlock Their Innovation Potential

Family businesses can innovate more effectively when their appetite for risk and tradition aligns with family cohesion and the diversity of family goals. When it comes to innovation, family firms Read More...

Category: Applied and Practice

Authors: Emanuela Rondi , Alfredo De Massis and Josip Kotlar

When Should Entrepreneurs Listen to Mentors and When Should They Trust Themselves?

Bernette Dawson explains how outside advice helped Made Organics grow while showing why founders still need confidence in their own judgment. Bernette Dawson named her line of skin care products Read More...

Category: Interviews

Author: Kimberly Eddleston

Interviewee: Bernette Dawson