Tag: Strategy

To Encourage Innovation, Tap the Next Generation of Leaders

In these times of change and uncertainty, one thing is still certain: product-service innovation remains the lifeblood of family firms. Without innovating, pioneering competitors will make existing Read more

Five Things Family Businesses are Reckoning With Now

Family businesses everywhere are responding to Covid-19 in profound ways, balancing the need to preserve cherished family traditions and social capital against the mandate to control costs at a time Read more

Winemakers Provide Lessons on Resilience

Like old vineyards that still produce great wines, older family businesses thrive across many generations developing resilient responses in the face of competition, market shifts and family Read more

Entrepreneurship comes in different forms, and the experience of being a solo entrepreneur - or a “company of one” - is a form that’s attracting a great deal of interest today. In this Q&A we Read more

Entrepreneurs often face critical decisions for their firms in the midst of considerable uncertainty and great risk. Effective crisis management requires that decision makers make choices even when Read more

Be Part of An Important Survey About Coping With Covid-19

While the pandemic has created economic turmoil, family and business disruption, and challenges that could last a lifetime, it also presents a unique opportunity to learn and improve family business Read more

Take a CLEAN Look at Your Business Post-COVID-19

EDITOR'S NOTE: This very popular article, published in 2020 during the height of the pandemic, includes timeless advice for helping startups, small businesses and family firms learn from adversity Read more

Clay Christensen, the Harvard Business School educator who passed away in January 2020, changed the way people around the world think of innovation. Through widely-read books, such as "The Read more

Surprising reasons owners exit family businesses

Only about a third of family businesses make it to a second generation beyond the founder. Conventional wisdom says that these firms falter because the owners didn’t have a succession plan, or the Read more

EDITOR’S NOTE: Steve Blank, who has founded or co-founded eight startups, is best known as the Father of Modern Entrepreneurship and is credited with launching the Lean Startup movement, which for Read more