Business Family Enterprise Report - Moving From Success to Significance

Canadian private business leaders hold to the long view

Entrepreneur Susan Niczowski on building Summer Fresh from scratch, staying innovative, and how community, family, and food shaped her journey.

‘Personality fit matters a great deal when it comes to engaging an advisor’ writes consultant Jasen Kisber

Teaching financial literacy and entrepreneurship can give the next gen a boost and help ensure family longevity

The president of Progress Luv2Pak talks about how he started in the family business and how it navigates volatility as a global manufacturer.

Research found that they often lack the resources to assess their risk and plan for the worst -- putting their financial health at risk when disaster strikes.

As Lego, Unilever, and Apple have shown, a simple but memorable strategy statement can create a common mindset, regardless of cultural and language differences.

At many publicly traded firms, the presence of activist investors forces them to innovate. This didn't hold true at the family businesses we studied.

Many have predicted that mobile money and other fintech will replace traditional banks in impoverished countries. But our research showed that socially marginalized people need both. 

As the Gucci and royal families show, in-laws can complicate things. Here's how family businesses can benefit from their perspectives and minimize conflict.

Whether your family business’s culture is traditional or modern, you can honor the past and still prepare for the future.

Even in countries where men dominate, women proved to be innovators in times of crisis, a Honduras study showed.

Companies must view change as a strategic opportunity -- and set aside enough resources to seize those opportunities quickly.

While there are many routes to success, research shows that entrepreneurial business families should consider the possible impact of where they live on how they grow.

Researchers explored how the Cadbury family’s Quaker values, which prioritized honesty and fairness, have endured even after the confectioner was sold to Kraft.

Firms that signal they are family-run are usually seen as better quality and enjoy higher levels of trust, except in places like India where they're everywhere.

social spending effect on entrepreneurship

The COVID-19 pandemic forced six German family firms to reckon with their identities, positioning and strategies -- and transform themselves for the better.

men are still preferred in family business succession

Families are often reluctant to anticipate and plan for the day when an unexpected transition might upend their business. The costs of inaction are high.

Family firms, unlike non-family firms, value a learning-based path to entrepreneurship, which plays to women’s strengths.

Research showed that women directors valued relationships with all stakeholders and had a long-term view that prioritized workforce security.

Good things happen when employees identify with the firm, participate in decision-making and feel loyalty -- and certain combinations of the three are most effective.

Families that focus on renewing their non-financial values in future generations are more likely to have a formal program.

We're all only human -- but preventing outbursts in front of customers and other non-family members preserves your reputation and relationships with stakeholders.