Tag: #familybusiness

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

Storytelling Vividly Illustrates Your Family Business Values

Values can form a strong foundation for a family business. Through shared values, we feel united and form a bond of culture, history, and pride. This bond can motivate each member of the family to Read more

Seven Strategies to Survive the Post-Pandemic Labor Shortage

Small and medium-sized family businesses, which employed a large proportion of the labor force before the COVID-19 pandemic, are reeling from the post-pandemic challenge of retaining current staff Read more

Measuring the Financial Impact of Family Businesses on the US Economy

Those of us who work with family businesses are so familiar with these numbers that we often cite them without considering the source or the attribution. In the United States: Family businesses Read more

Research Reveals How Business Families Have Coped With COVID-19

For this research, we surveyed over 1,000 family businesses around the world, with the objective to identify the most effective measures to cope with the COVID-19 pandemic. What sets our research Read more

A Shock to the System: How Family Businesses Can Survive Covid-19

The coronavirus pandemic has had massive repercussions on the global economy and trade. Global economic growth is expected to shrink by about 2 per cent per month, while global trade is expected to Read more

What Family Businesses Should be Doing Now

As family business leaders are forced to deal with COVID-19, Winston Churchill’s advice comes to mind: “Never let a good crisis go to waste.” This suggests that as family firms temporarily Read more

Beyond Succession: Family Firms Need a Legacy Plan Too

Succession planning has been a heavily researched topic and buzzword for many years now. However, its lesser-known counterpart -- legacy planning – is becoming a part of many families' personal Read more