Help with a family business
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A handover often marks the end of life as the leader knows it and the start of a new and unfamiliar phase. A grieving process is not uncommon. For entrepreneurs, business shapes self-image and Read More...
Category: Applied and Practice
Authors: Simon Caspary , Tom Rüsen and Heiko Kleve
While male leaders often view stepping down as a threat to their identity and accomplishments, female leaders appear to be motivated by other factors. EDITOR‘S NOTE: This article was produced in Read More...
Category: Research Insight
Authors: Nancy Forster-Holt , Jim Davis and Cassidy Creech
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 deep-rooted Read More...
Category: Commentary
Author: Naveen Khajanchi
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 change. How 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 enterprise. Read More...
Category: Interviews
Author: Kimberly Eddleston
Interviewee: David Karofsky
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