Family Business
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Family firms can turn shared values into community impact by choosing causes carefully, starting small and building philanthropy into long-term business goals. Article originally published at Read More...
Category: Features
Author: Kerry Hannon
Informal people practices can create favoritism, confusion and conflict. Formal HR rules help family firms treat employees fairly and improve performance. Hiring, training, appraising and Read More...
Category: Education and Teaching
Authors: Kimberly Eddleston and Roland Kidwell
A key executive quit after years of uncertainty about pay, ownership and succession. The case shows why family firms must communicate career paths before problems erupt. NOTE TO TEACHERS: The Read More...
Category: Education and Teaching
Authors: Kimberly Eddleston and Madison Mailey
Steven Mould built Flint & Flame by combining confidence, passion and product belief with a willingness to listen to customers and refine the offer. Entrepreneurs must believe in their products or Read More...
Category: Commentary
Author: Kimberly Eddleston
Interviewee: Lisa Lazure , Steven Mould
Family members can feel stuck when career goals, identity and family expectations become intertwined. These questions can help reveal whether it is time for change. For some individuals, working in a Read More...
Category: Commentary
Author: Michael Klein
Many next-generation family members launch startups to gain independence, credibility and skills before deciding whether to join the family business. Family businesses are the backbone of many Read More...
Category: Applied and Practice
Authors: Nadine Kammerlander and Larissa Leitner
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...
Category: Commentary
Author: Alfredo De Massis
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...
Category: Commentary
Author: Kimberly Eddleston
Interviewee: Joseph Brito, Jr.
Strong family firms hold employees accountable while preserving trust, harmony and flexibility. Combining both approaches can improve employee effort and performance. Family businesses have unique Read More...
Category: Applied and Practice
Authors: Roland Kidwell and Kathryn Kloepfer
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...
Category: Commentary
Author: Robert Sher