Kris and Bruce Jenner have announced their separation as of Tuesday, Oct. 8, 2013. The power-couple, whose marriage lasted 22 years, were involved in many different business ventures, including their…
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Development and Promotion Few sizable family businesses can be adequately run without reliance on non-family professionals. Outsiders bring fresh ideas and specialized expertise, so make it plain to family employees…
Conditions for Hiring and Firing Don’t let family members get the idea that they can sit back and be recruited for cushy jobs. Family members should submit to the same…
Purpose of the Employment Policy The purpose of a family employment policy is to set out the procedures, process, and criteria that will govern how members of the family enter…
I can hardly count the number of times I have been called in to help a family business encumbered with family member employees whose only qualification for the job is…
Given the fascination – and headlines – devoted to family shenanigans at companies like Adelphia, Imclone, and Martha Stewart Inc., it is no wonder that myths of family business continue…
The world’s oldest continuously operating family business ended its impressive run last year. Japanese temple builder Kongo Gumi, in operation under the founders’ descendants since 578, succumbed to excess debt…
Chances are good that a long-lived family business will eventually be led by a sibling team. Despite sharing common values, siblings face real obstacles when cast in the top leadership spot.
Forget for a moment the dismal statistics about family business survival. Consider the hundreds of family businesses that have persevered, not just for a generation, but for centuries. You may…
Most articles and books written about family businesses have focused on the various thorny problems and emotional entanglements that come from working with family members. Less focus has been placed…