In a 2007 article published in the New York Times, author Nora Klaver of May Day! Asking for Help in Times of Need says that asking for help “makes business sense.” Yet, it is rare that small-business owners — especially family owned businesses — will admit that they need help, much less become proactive in [...]

A common question for family business succession, and particularly for primary production family business, is when control of the business should be passed to the next generation, without risking the valuable assets of the business if something goes wrong. Unfortunately, it is far too common to see the first generation wishing to retain control of [...]

Fast-growing, mid-sized family businesses around the world have identified corporate social responsibility (CSR) as an important element for their success, according to a joint report by Citi Private Bank and UK-based family business information provider Campden Wealth Research. The report, entitled The Top 50 Global Challengers, released last week (March 30), profiles 50 fast-growing family [...]

It strikes me that one of the most interesting areas of research around the world of family enterprises today is innovation. There are a number of reasons for this, but, from my perspective, two stand out. One is obvious and involves how family businesses continue to remain innovative even though the original entrepreneur may have [...]