
Family Firms: A Blueprint for Managing the Shareholder vs. Stakeholder Debate?
August 25, 2021
Traditionally, the sole objective of any firm has been to maximize shareholder value. However, there is now an open debate as to whether firms have an obligation to consider other stakeholders as well.

Strategy in the Family Firm: The Importance of Strategic Thinking
February 26, 2021
When we survey family business leaders, we of- ten find that they want to learn more about strategy. While many family firms have strategic plans, those plans often lack a clear expression of an overall competitive strategy that reflects deep strategic thinking. Clearly identifying and committing to an overall competitive strategy and executing on that strategy is central to achieving business and family goals, company profitability, and the long-term survival of the business.