Business Strategy

Four Principles for Preventing Culture Shock -  Almost 20 years ago, America Online agreed to purchase Time Warner for $165 billion in what would be the biggest merger in history. People still talk about it today – not just because it was big, but because...

From Walmart and Mars to the corner store in your neighborhood, about 90% of all U.S. businesses are family-owned or family-controlled. At any given time, a large percentage of these companies is facing a generational transition. Yet it’s reported that less than half have...

If you’ve spent any time around the family business arena, you’ve come across the number: 70% of family companies don’t make it to a second generation, either because the business fails or for other reasons a decision is made to sell to a third...

Many leaders, when they think about succession, have a narrow definition in mind. For example, one owner might be lasered in on who will own shares in the future and whether to sell or transfer them. Another may be preoccupied with who will be...