Tag: Management

Like profit sharing, it aligns company objectives and employee interests, but with more frequent rewards and a focus on operational improvements rather than company profits. Aligning employee Read more

feedback involves having a mentor or someone else the founder trusts ask probing questions about a problem — "What about this?" "What about that?" — until the founder concludes that a change is Read more

Entrepreneurs often use social media platforms like Twitter or Instagram as a low-cost way to connect with their ventures' stakeholders. Superstar entrepreneurs often use it to wield their clout, Read more

The mental health crisis has affected public safety, schools, politics and business and provoked a worldwide discussion on how we can better help individuals who are suffering from mental illness. Read more

How Family Firms Help Non-Family Employees Feel Like Family

Family businesses often behave in unique ways: They forego business opportunities to retain the family’s control over the business, stick to family traditions that are outdated, and prefer family Read more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

The Biggest Mistakes Family Businesses Make With Their Boards

Family business researcher, lecturer, and advisor Claudia Binz Astrachan has studied first-hand how effective boards of directors steer family business management towards strategies that make the Read more

Around the globe, more and more women are taking their careers in their own hands by launching a business. Women represent one of the fastest growing segments of the entrepreneurship population Read more

How Family Businesses Survive Unexpected ‘Wild Cards’

One of the key concerns for family businesses is continuity. Unlike non-family firms, many family businesses display a longevity that may span over centuries. In order to survive such long periods, Read more

Advice for Family Business Successors: Be Humble and Curious

David Bentall found out the hard way that his leadership of his family's construction and real estate firm wasn't working: his own uncle removed him from the company. Losing his job was a wake-up Read more