Tag: Succession

Family CEOs May Encourage More Innovation Than Non-Family Leaders

While professional non-family leadership may bring some advantages, the stability brought by family leaders may encourage employees to innovate without fear of failure. Much research has focused on Read more

Family Culture Can Block (or Unlock) Innovation

Low trust, resistance to change, and intergenerational communication gaps can prevent new strategies and collaboration from taking root. Amid the picturesque artisan shops and robust industrial Read more

Women Show Their Strengths When Family Businesses are in Trouble 

Around the world, women have always been part of family businesses. However, little is known about how they affect the continuity of family firms in certain areas of the world, especially patriarchal Read more

How Families Can Run Their Businesses With Both Head and Heart

FamilyBusiness.org Senior Editor Mat Hughes recently appeared on R. Adam Smith’s LinkedIn channel to talk about a challenge that all family businesses face: the pull between the passions and Read more

Why Family Businesses Must Mind the (Generation) Gap

Family businesses are unstoppable when they benefit from the wisdom of founders and older leaders and the forward-thinking, innovative outlook of the next generation. But all too often, these Read more

Founders: Let Next-Gens be Entrepreneurial

A family firm's longevity depends on fresh approaches to doing business, but all too often these fresh insights can clash with the family's entrenched way of doing things. Founders especially can Read more

One Family, Multiple Businesses: Preserving Harmony and Profits

For business or emotional reasons, sometimes one family ends up with more than one business under its umbrella. An entrepreneurial, ambitious family member may want to launch a new venture, or a Read more

Wealth Can be Hazardous to Future Family Business Leaders

Preparing the next generation for leadership is an important mission for family businesses. But all too often, the comfortable lifestyle that family wealth makes possible does not do the younger Read more

From left to right, Kieran Culkin, Jeremy Strong, Sarah Snook and Brian Cox in HBO's "Succession." | Credit: Photograph by Graeme Hunter/HBO Editor’s note: This article is part of Lessons from Read more

Thicker Than Water: Balancing Individual Career Goals and the Family Business

With family-owned businesses accounting for a whopping share of the economy, the nature of family members’ individual career development in that sector is important and interesting. How indeed do Read more