Help with a family business
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Allen Esrock of NxtGen Nexus weights in on how to optimize the free labor and other benefits, and how to manage conflicting goals, sibling resentment, and suspicious non-relatives who work for you. Read More...
Category: Interviews
Author: Kimberly Eddleston
Interviewee: Allen Esrock
Bragging about your family connection is universally bad, but even pride in your accomplishments must be displayed carefully -- especially in eastern cultures. In my experience working with Read More...
Category: Research Insight
Author: Fabian Bernhard
"Saviors Of the Boss" have the trust of company leaders and often serve as their gatekeepers. Here's how to understand them and work with them. Family businesses are driven by a blend of Read More...
Category: Commentary
Author: Naveen Khajanchi
Family firms take note: A study of chocolate makers showed that shared values, commitment, and a long-term outlook are good for both relationships and business. EDITOR'S NOTE: This article was Read More...
Category: Research Insight
Authors: Jennifer Woolley and Jo-Ellen Pozner
Hope, Efficacy, Resilience and Optimism can make us better people and better leaders. Here's how to cultivate it within ourselves. All leaders and advisors struggle with organizational Read More...
Category: Practice Insight
Author: Doug Gray, PhD
Activities like selling in physical stores, regular trips to the bank, driving company cars, and talking openly about business growth can make business owners targets. EDITOR'S NOTE: This article was Read More...
Category: Research Insight
Authors: Paul Sanchez , Matthew Wood , Tim Michaelis and Jaime Suarez
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 Read More...
Category: Interviews
Author: Kimberly Eddleston
Interviewee: David Karofsky
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