Family Business Editor
Interest: Innovation Management Information Technology Mergers and Acquisitions Research Methods Teaching Methods Strategy Family Business Startups Entrepreneurship
Industry: Retail Trade Real Estate, Rental, Leasing Management of Companies & Enterprises Educational Services Agriculture, Forestry, Fishing, Hunting
Interviewee:
This classroom exercise helps future family firm members learn to anticipate outside threats to their business and defend it.
Tight control or adaptability and collaboration? A hybrid of both approaches motivates best.
Ambitious non-family employees who want more responsibility and opportunities can feel hampered by the family hierarchy and a perceived preference given to relatives.
Family firms, unlike non-family firms, value a learning-based path to entrepreneurship, which plays to women’s strengths.
Family firm branding can make a company appear authentic, but it's also important to convey innovativeness, prestige, and a fair shot at getting ahead.