Interest:
Industry:
Interviewee:
By asking what-if questions, family businesses can identify threats to their business model and prepare strategies before major changes arrive.
Many next-generation family members launch startups to gain independence, credibility and skills before deciding whether to join the family business.
Our discussions with 46 women from family firms around the world yielded insights about their challenges, their strengths and their influences -- including grandmothers.
Entrepreneurial and digital experiences equip next-generation family members to help the family business identify new revenue streams and grow to new heights.
As families become more complex, so does planning for succession in the business. Part 1 of our 2-part series looks at how to minimize the risks for conflict.
Warring ex-spouses, far-flung families...Part 2 of our two-part series looks at how to fix succession challenges that are already underway.
This classroom exercise seeks to motivate future family firm leaders to think ahead and design a holistic vision of their family firm in 10-15 years, covering many different (and potentially conflicting) aspects of it.
Families can get emotionally attached to laggards in their portfolios and avoid taking tough but necessary action, putting the entire enterprise in peril.
Adopting all or even some PE investor strategies can add value and enhance competitiveness, especially when a successor takes over or the company may be sold.
