Family Business
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Strong family business boards use competency-based selection, outside directors, diverse skills and limited family representation to improve governance. It's important that current or future members Read More...
Category: Education and Teaching
Author: Whitney Peake
Women in the study received far less bank financing than men, while family and friends appeared to provide an important alternative source of capital. It’s been said (ruefully) that Ginger Rogers Read More...
Category: Theory and Research
Author: Kimberly Eddleston
Confidentiality agreements help students trust one another, share sensitive family experiences and learn more deeply from real family business challenges. For students from family businesses to fully Read More...
Category: Education and Teaching
Authors: Kimberly Eddleston and Devina Raithatha
Justin Rockefeller explains how families can pursue social and environmental impact without abandoning financial discipline or long-term investment goals. Perhaps no other family is more synonymous Read More...
Category: Interviews
Author: Kimberly Eddleston
Interviewee: Justin Rockefeller
Family firms are tightly connected systems. Changing one part can unsettle the rest, but avoiding innovation can be even more dangerous. With ties that bind emotionally and legally, family businesses Read More...
Category: Interviews
Author: Kimberly Eddleston
Interviewee: Doug Baumoel
The Fredo Effect occurs when an unqualified or disruptive relative keeps a job because of family ties, hurting coworkers, relationships and business performance. The Corleones of "Godfather" fame are Read More...
Category: Applied and Practice
Author: Kimberly Eddleston
This flexible classroom exercise lets students shape a fictional bourbon family business while applying family business concepts throughout the semester. Many of us may remember the “Choose Your Read More...
Category: Education and Teaching
Authors: Whitney Peake and Teran Sundy
Why Collaboration Works Best in Family Business Conflict Research suggests collaborative conflict management can strengthen family relationships while also producing better solutions and stronger business performance. Conflict is inevitable in family-run Read More...
Category: Education and Teaching
Author: Ritch Sorenson
Emily Bittenbender shares how resilience, collaboration and a strong workplace culture helped her succeed as a construction entrepreneur. The construction industry remains stubbornly a male-dominated Read More...
Category: Interviews
Author: Donna De Carolis
Interviewee: Emily Bittenbender
Ritch Sorenson explains how outside executives can manage family relationships, strengthen the business and help prepare the next generation to lead. Ritch Sorenson, Professor of Family Business at Read More...
Category: Education and Teaching
Author: Ritch Sorenson
Interviewee: Ritch Sorenson