The Great Wealth Transfer is underway, and Gen X and millennials are expected to inherit about $85 trillion by 2048, ...

Learn actionable tips and insights on how to build and sustain a family business that can span across generations.

Family members may support each other through personal and professional challenges, providing a level of flexibility and understanding that might not be found in nonfamily businesses. This ...

Moving to a new ownership model can release a family firm from a deep rut and can often help keep families together for the ...

In recent years, family businesses are facing a new wave of challenges, dealing with Gen Z. Except for a few, most family-run companies are showing cracks that could lead to collapse.

Although it presents unique challenges, owning a family business can be a rich and rewarding experience. However, family dynamics require an extra level of planning and consideration. With the ...

In the absence of these procedures, family businesses can face a multitude of challenges. The lack of a clear roadmap can lead to confusion, conflicts, and potentially derail the succession plan ...

The role of HR in family businesses is not just about managing personnel but also about fostering a supportive environment ...

Leading a family business is a unique opportunity and challenge. It requires a mix of skills, many of which you have already learned at HBS but need to be tailored or adapted to a different ...