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Family businesses can innovate more effectively when their appetite for risk and tradition aligns with family cohesion and the diversity of family goals.
Both relatives and non-relatives should feel happy, secure and “part of the family” without getting so complacent that they don’t challenge the status quo.
Even as more women step into leadership roles at family firms, long-held attitudes and practices may prevent the business from realizing all the benefits they can bring.
Feuds, deception and bad behavior can undermine your brand and your family's image. Here are four types of scandals and some notorious examples.
As the Gucci and royal families show, in-laws can complicate things. Here's how family businesses can benefit from their perspectives and minimize conflict.
