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One Family, Multiple Businesses: Preserving Harmony and Profits
For business or emotional reasons, sometimes one family ends up with more than one business under its umbrella. An entrepreneurial, ambitious family member may want to launch a new venture, or
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Category:
Interviews
Author:
Kimberly Eddleston
Diverse Boards Help Family Businesses Expand Internationally
Expanding into other countries can open up new opportunities and revenue streams for all kinds of businesses around the world. This is especially true within the European Union, where products can
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Category:
Research Insight
New Ways Business Owners Can Use Boards
While boards of directors are common at large firms and nonprofits, family businesses don't always see their value or understand how to use them well. However, according to consultant
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Category:
Commentary
Author:
Kimberly Eddleston
Developing Your Business Family Strategy: Where to Start and What to Consider
Successful, long-lasting business families share an understanding of what is important to them, what they want to do together, and how they want to work together to achieve their collective goals and
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Category:
Applied and Practice
'CHAOS' Brings Order to Family Businesses
Many people make the mistake of thinking that family businesses are simple businesses. Nothing could be further from the truth. The coexistence of two systems with differing ways of thinking—the
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Category:
Commentary
Author:
Salvatore Sciascia
Should Family Businesses Have Employee Ownership Plans?
Like almost all family businesses, Commercial Casework in Hayward, California had to plan for when family owners would want to sell. The company, with about 100 employees, is one of the San Francisco
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Category:
Commentary
Author:
Corey Rosen
Women Can Help Family Firms Innovate – but Socioemotional Factors Matter
Around Europe and elsewhere, the number of women in leadership roles is going up, and they are having a measurable impact on innovation and profits. Many researchers have found that having more women
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Category:
Research Insight
Authors:
Jonathan Bauweraerts
,
Emanuela Rondi
,
Paola Rovelli
,
Alfredo De Massis
and
Salvatore Sciascia
What All Family Businesses Can Learn From the Merck Family
The Merck family business dates back to this apothecary, founded in 1668. The German Merck family has succeeded where many business families have failed: Keeping a group of 319 family members,
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Category:
Commentary
Should Your Next CEO be From Outside the Family?
In her discussion with Matt Nielsen of Nielsen-Massey Vanillas International, Editor Kimberly Eddleston goes into a sensitive topic for many family firms: whether an outside leader is better equipped
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Category:
Interviews
Author:
Kimberly Eddleston
The New Family Business Powerhouses: Wives and Moms
Today women hold leadership positions in government, head up Fortune 500 companies, and oversee countless philanthropic programs. Yet in many successful family businesses, the roles of women remain
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Category:
Practice Insight
Author:
Amy Hart Clyne
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