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Tag: Family Business

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By Kimberly Eddleston on Tue Jun 13 2017

The Corleones of "Godfather" fame are an extreme example of a “family business.” But like many family businesses, they have a family member who is a serious hindrance to their business, is less Read more

By Whitney Peake and Teran Sundy on Thu Mar 02 2017

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

By Ritch Sorenson on Tue Feb 21 2017

Conflict is inevitable in family-run businesses. Learning how to manage it and channel it productively is an important skill for entrepreneurship students who may someday manage their own family's Read more

By Donna De Carolis on Fri Jan 20 2017
Interviewee: Emily Bittenbender

The construction industry remains stubbornly a male-dominated field, but Emily Bittenbender of Bittenbender Construction is giving it a new face and a new approach to managing. At age 29 she was Read more

By Ritch Sorenson on Wed Jan 18 2017
Interviewee: Ritch Sorenson

Ritch Sorenson, Professor of Family Business at the University of St Thomas in Minneapolis, once worked at a bank founded by his grandfather. When it closed, he felt a personal loss that persists Read more

By Ritch Sorenson on Tue Nov 15 2016

The purpose of this exercise is to help students understand the advantages and challenges of working in a family business or of being in a business family. Some students who have worked in their Read more

By Kimberly Eddleston on Mon Nov 14 2016

The purpose of this class project is to help family business students understand the complexities of family business management by requiring them to integrate multiple principles and lessons and to Read more

By Richard Schulze and Ritch Sorenson on Mon Oct 31 2016

Much has been written about how family businesses can have transition problems when the founder's children take over. Best Buy founder Richard Schulze and Ritch Sorenson of the University of St. Read more

By Keith Brigham, Ritch Sorenson and James Hoffman on Wed Apr 29 2015

Nothing turns an entrepreneur’s head faster than a glittering opportunity and the chance to pursue it with laser-like focus. But after the launch, when the novelty wears off and the day-to-day Read more

By Ritch Sorenson on Mon Jan 12 2015

Family firms enjoy a competitive advantage when they organize around a set of strong values. A study of large family businesses such as Cargill, IKEA, Tyson Foods, and Bechtel (Miller and Le Read more