Tag: Strategy

Unlocking the Innovation Potential of Family Firms: An Assessment Tool

When it comes to innovation, family firms often are trapped in an “ability–willingness paradox”: the superior ability to innovate is unrealized because of fear of innovation. Our research 1 Read more

Hyannis Country Garden is a Family Business With Deep Roots

This feature and video are part of America’s Entrepreneurs: Making it Work , a Rewire initiative made possible by the Richard M. Schulze Family Foundation and EIX, the Entrepreneur and Innovation Read more

Why You Should Name Your Business After Yourself

What's in a name? For many family-run businesses, the business name and family name are the same, linking the reputations of the two, for better or worse. New family business owners often grapple Read more

Choosing a Board of Directors for a Family Business

It's important that current or future members of a family business understand best practices for assembling a Board of Directors (BOD). That's why we explore this in depth as part of a basic family Read more

Entrepreneurs usually understand that profit is important. But many are less consciously aware of the actual model by which they will (or will not) make money in their ventures. Many have a gut feel, Read more

Entrepreneurs and business leaders are blessed and cursed with thinking about their businesses 24 hours a day. It becomes their life focus. What is it that consumes them? Bottom line? Employee Read more

New venture capital firms must make a variety of strategic decisions about market positioning and relationships with the entrepreneurs in their portfolio. One choice VC firms must make is whether to Read more

Entrepreneurs who want to turn a great idea into a thriving business inevitably need a team that can make it happen. What increases their odds of a successful venture: hiring mainly technical experts Read more

Seed stage entrepreneurs must grapple with how they will scale their businesses. While this process includes many steps, discovering the proper product/market fit for the business is critical early Read more

To Engage Business Students, Roll Out 'the Barrels'

Many of us may remember the “Choose Your Own Adventure” books from childhood. In these tales, the story develops to a point and presents a scenario choice to the reader. Depending on the choice Read more