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Leadership decisions can be especially challenging for family companies. Warner Bros. Discovery

Should family members be in charge of family businesses? We analyzed 175 studies to understand when having a family CEO pays off

Family businesses face unique considerations when making leadership decisions.
Sometimes holding onto traditions can be a hindrance to the success of family businesses, but there are ways to innovate while also honouring them. (Andrea Piacquadio/Pexels)

How to manage traditions for the continued success of the family business

Traditions shouldn’t be thrown out since they often provide a vital foundation for the family business. But they also shouldn’t be rigidly enforced.
The family business is among the most common organizations in the world. But figuring out succession plans is rife with complications. (Unsplash)

The future of the family business: 4 strategies for a successful transition

As aging parents wonder about the future of the family businesses they founded, four succession strategies could help.
L’Oréal headquarters in Clichy, France. The firm is family owned, and while it has extensive experience in capital markets, many other family-owned enterprises are hesitant to take such a step. Arthur Weidmann/Wikimedia

Family firms’ need for control and equity financing decisions

Family firms can attract investor interest, yet owners are often reluctant to offer equity. New research indicates that concerns of potential interference and emotions are two of the key issues.

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