Tag: Journal of Family Business Strategy

Define Your Legacy, and Strengthen Your Business and Your Impact

Unless you clearly state what you want your legacy to be, your successors will interpret it in their own way -- and it might not be what you intended. EDITOR‘S NOTE: This article was produced in Read more

Are Your Family and Business Thriving Together - Or Undermining Each Other?

Like organisms in nature, the relationship between family and business can be mutually beneficial or detrimental. Here's how to strengthen both spheres. EDITOR‘S NOTE: This article was produced in Read more

Your CEO Affects How Outsiders Perceive Your Brand

Family or non-family leader? Your choice depends on the age of the firm, and can ultimately shape how the media and outside stakeholders see you. EDITOR‘S NOTE: This article was produced in Read more

Men and Women Cling to Power for Different Reasons

While male leaders often view stepping down as a threat to their identity and accomplishments, female leaders appear to be motivated by other factors. EDITOR‘S NOTE: This article was produced in Read more

How Family Businesses Can Recruit the Best C-Suite Candidates

Family-owned businesses often struggle to compete with non-family firms when it comes to recruitment, and understanding the expectations of job seekers is crucial to attract the best talent. Read more

With Women Directors, Strategy Disclosure Decreases Cost of Capital at Family Businesses

The decision to disclose strategy information is critical, as it reveals managerial actions, providing financial stakeholders with the information required to assess the firm’s competitive Read more

Should Former Leaders Stay Involved in the Family Firm?

For many family business owners, thinking about succession can be challenging. It’s a lengthy process, and filled with questions and activities that seem daunting initially. However, it is Read more

Single Family Offices as Owners: Long-Term Investors or Financial Optimizers?

When a family firm reaches a certain size, the family may decide to transfer their wealth and their ownership into a family office. These offices help business families manage their wealth across Read more

Managing Emotional Minefields Within Family Businesses

Adam looked at the customer standing at the counter in the wine cellar in disbelief. He couldn’t believe what he was hearing. He found the customer’s comments to be slightly rude. Adam felt anger Read more

How to Encourage Devotion Among Nonfamily Employees

Every business strives to recruit and hire the best employees and to retain them over time. Creating and nurturing a workplace environment that contributes to productivity and helps the firm achieve Read more