Tag: Entrepreneurship

How Can the Family Business Cope When a Key Non-family Exec Leaves?

NOTE TO TEACHERS: The downloadable supporting document (above) includes material to guide classroom discussion. This case is based on a real family business, although the specifics have been changed Read more

Midlife is traditionally a time for traveling or playing more golf -- but not for mid-lifers who decide to leave the security of a steady paycheck for the uncertain life of an entrepreneur. Just ask Read more

Entrepreneurs and their ventures have a huge impact on the social, political and most of all economic well-being (Light & Rosenstein, 1995) of communities, cities and countries around the world, but Read more

In 2003 Noam Wasserman introduced the term “Paradox of Success” to describe how software company founders were more likely to be replaced as their startups attracted more capital or went public. Read more

How Family Firms Can Innovate With Less

Family firms often face limits on the financial and human capital available to them. But in Germany, a class of small- to medium-sized businesses known as the "Mittlestand" has learned to transcend Read more

Entrepreneurship history is filled with events, places and people who are now legendary or even sacred. In the beginning of the 20th century, New York’s Lower East Side became a place where Jewish Read more

'There's No Birthright' and Other Tips for Raising Entrepreneurial Leaders

Joe Brito, the third-generation head of C.B. Utility Co. in Bristol, Rhode Island, started his career in the family business as a laborer. He firmly believes that anybody entering their family Read more

James Wetherbe is the Richard Schulze Distinguished Professor at the Rawls College of Business at Texas Tech University. Previously he served on the faculty and the University of Houston, Minnesota Read more

Outside Leadership Can Save the Family Business

Cultures around the world acknowledge just how difficult it can be for a family-run enterprise to sustain itself over time. Many have their own version of the adage that family businesses go from Read more

Learn to Defend Your Family Firm

While the world around them is changing at a faster and faster pace in the midst of uncertainty, family firms are often a beacon of stability and dependability in our society. Although subject to the Read more