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  • All HBS Web  (4,917)
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    • News  (1,733)
    • Research  (1,575)
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  • March 28, 2016
  • Article

Why the 21st Century Will Belong to Family Businesses

By: Josh Baron
Keywords: Modernization; Family Business; Family Ownership
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Baron, Josh. "Why the 21st Century Will Belong to Family Businesses." Harvard Business Review (website) (March 28, 2016).
  • February 2009 (Revised June 2010)
  • Background Note

Note on Valuing Control and Liquidity in Family and Closely Held Firms

Most companies around the world are family controlled and/or closely held. The need to value these companies routinely arises in practice for a variety of reasons, e.g., to buy out minority shareholders; for gift and estate tax purposes; to tie executive compensation... View Details
Keywords: Family Business; Financial Liquidity; Governance Controls; Valuation
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Villalonga, Belen. "Note on Valuing Control and Liquidity in Family and Closely Held Firms." Harvard Business School Background Note 209-104, February 2009. (Revised June 2010.)
  • February 2009 (Revised April 2011)
  • Course Overview Note

Growing, Financing, and Managing Family and Closely Held Firms

By: Belen Villalonga
This note provides instructors with an overview of the course, its module structure and its unifying framework. The note contains information that should only be available to instructors, and should not be distributed to students. A shorter version of the note for... View Details
Keywords: Family Business; Corporate Finance
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Villalonga, Belen. "Growing, Financing, and Managing Family and Closely Held Firms." Harvard Business School Course Overview Note 209-006, February 2009. (Revised April 2011.)
  • June 2024
  • Teaching Plan

Can Families Conquer Private Equity? Pritzker Private Capital

By: Lauren Cohen and Sophia Pan
Teaching Plan for HBS Case No. 224-078. View Details
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Cohen, Lauren, and Sophia Pan. "Can Families Conquer Private Equity? Pritzker Private Capital." Harvard Business School Teaching Plan 224-116, June 2024.
  • October 2001
  • Case

Blethen Family and the Seattle Times Company (B), The

By: John A. Davis and Cathy Quinn
Supplements the (A) case. View Details
Keywords: Corporate Governance; Entrepreneurship; Family Business; Journalism and News Industry; Media and Broadcasting Industry
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Davis, John A., and Cathy Quinn. "Blethen Family and the Seattle Times Company (B), The." Harvard Business School Case 802-097, October 2001.
  • June 2016
  • Case

Augustine Heard & Co.: Building a Family Business in the China Trade (B)

By: William C. Kirby and Joycelyn W. Eby
In 1861, the Heard brothers faced a decision: should they continue their family firm's business model that had made them a successful commission house in China, or was it time to make fundamental adjustments to their work? This case reveals that the brothers decided to... View Details
Keywords: China; Mercantilism; Family Business; China
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Kirby, William C., and Joycelyn W. Eby. "Augustine Heard & Co.: Building a Family Business in the China Trade (B)." Harvard Business School Case 316-186, June 2016.
  • March 2001
  • Supplement

Francisco de Narvaez at TIA: Selling the Family Business

By: Linda A. Hill and Kristin Doughty
Francisco de Narvaez reflects on the process of selling his family's retail business. View Details
Keywords: Family Business; Business Exit or Shutdown
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Hill, Linda A., and Kristin Doughty. "Francisco de Narvaez at TIA: Selling the Family Business." Harvard Business School Video Supplement 401-803, March 2001.
  • September 2021
  • Supplement

Ensuring Your Family’s Future: The Alagil Family Office (B)

By: Lauren Cohen, Esel Çekin and Fares Khrais
Keywords: Family Business; Financial Services Industry; Saudi Arabia
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Cohen, Lauren, Esel Çekin, and Fares Khrais. "Ensuring Your Family’s Future: The Alagil Family Office (B)." Harvard Business School Supplement 222-035, September 2021.
  • April 10, 2014
  • Article

Generation to Generation: How to Save the Family Business

By: Boris Groysberg and Deborah Bell
Most family-owned businesses—approximately 70%—last just one generation. Because an estimated 80% of businesses across the globe are family-owned, the low survival rate has alarming consequences. Consider this: In the United States alone, family-owned businesses (FOBs)... View Details
Keywords: Family Business; Governing and Advisory Boards; Strategy; Management Succession; Competency and Skills; Diversity
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Groysberg, Boris, and Deborah Bell. "Generation to Generation: How to Save the Family Business." Harvard Business Review Digital Articles (April 10, 2014).
  • October 2000
  • Case

Francisco de Narvaez at Tia: Selling the Family Business

By: Linda A. Hill and Kristin Doughty
In January 1999, Francisco de Narvaez sold Tia, his family's retail business in Argentina. De Narvaez reflects on the decision to sell and the selling process. View Details
Keywords: Family Business; Business Exit or Shutdown; Decisions; Argentina
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Hill, Linda A., and Kristin Doughty. "Francisco de Narvaez at Tia: Selling the Family Business." Harvard Business School Case 401-017, October 2000.
  • January 2023
  • Supplement

Junson Capital (B): Digital Transparency In the Family Office

By: Lauren Cohen, Hao Gao, Trang Duong, Grace Headinger and Keven Wang
Keywords: China; Hong Kong
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Cohen, Lauren, Hao Gao, Trang Duong, Grace Headinger, and Keven Wang. "Junson Capital (B): Digital Transparency In the Family Office." Harvard Business School Supplement 223-020, January 2023.
  • October 1997 (Revised September 2004)
  • Background Note

Relationships Among Siblings and Cousins in a Family Firm

By: John A. Davis
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Davis, John A. "Relationships Among Siblings and Cousins in a Family Firm." Harvard Business School Background Note 898-060, October 1997. (Revised September 2004.)
  • December 2024
  • Supplement

Trust and Family at Fuwei (B): Ethan Yang's Perspective

By: Letian Zhang, Wenjie Ma and Jiaqi Jin
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Zhang, Letian, Wenjie Ma, and Jiaqi Jin. "Trust and Family at Fuwei (B): Ethan Yang's Perspective." Harvard Business School Supplement 425-033, December 2024.
  • 1976
  • Journal Article

The New Utopian Vision? Bringing Community to the Family

By: R. M. Kanter
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Kanter, R. M. "The New Utopian Vision? Bringing Community to the Family." Journal of Contemporary Social Issues (1976). (Reprintings include: Marriage and Family: Coping with Change, edited by L. Cargan. Belmont, Calif.: Wadsworth, 1984.)
  • 09 May 2023
  • Cold Call Podcast

Can Robin Williams’ Son Help Other Families Heal Addiction and Depression?

Keywords: Re: Lauren H. Cohen; Health; Entertainment & Recreation
  • June 2016
  • Case

Augustine Heard & Co.: Building a Family Business in the China Trade (A)

By: William C. Kirby, Joycelyn W. Eby and John S. Ji
Augustine Heard Sr. founded Augustine Heard & Company, a commission house focused on trade between China and the United States, in 1840. He welcomed his four nephews into the family business as it expanded in the increasingly complex economic and political environment... View Details
Keywords: Exports; China; Commissions; Family Business; Family and Family Relationships; China; Boston
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Kirby, William C., Joycelyn W. Eby, and John S. Ji. "Augustine Heard & Co.: Building a Family Business in the China Trade (A)." Harvard Business School Case 316-185, June 2016.
  • April 15, 2015
  • Article

What to Do If a Feud Threatens Your Family Business

By: Josh Baron and Rob Lachenauer
Keywords: Family and Family Relationships; Family Business; Conflict and Resolution
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Baron, Josh, and Rob Lachenauer. "What to Do If a Feud Threatens Your Family Business." Harvard Business Review (website) (April 15, 2015).
  • October 2022
  • Case

Weapons of Self Destruction: Zak Pym Williams and the Cultivation of Mental Wellness

By: Lauren Cohen, Ronnie Stangler and Grace Headinger
Zak Pym Williams, mental health advocate, grappled with the question of how to create a proactive mental health family environment for his children. Having witnessed how mental health challenges such as addiction and depression had impacted the past four generations of... View Details
Keywords: Family; U.S.; Mental Health; Family Business; Entertainment; Values and Beliefs; Ethics; Leading Change; Family and Family Relationships; Well-being; Social Issues; Entertainment and Recreation Industry; United States; California
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Cohen, Lauren, Ronnie Stangler, and Grace Headinger. "Weapons of Self Destruction: Zak Pym Williams and the Cultivation of Mental Wellness." Harvard Business School Case 223-033, October 2022.
  • October 25, 2023
  • Article

How to Bring an Outside CEO into the Family Business

By: Christina R. Wing and Rohit K. Gera
One of the challenges for a family-owned business is the transition to a non-family member as CEO — a transition most multigenerational businesses eventually face. Onboarding the new CEO is one piece of this challenge. To help make the onboarding successful, use a... View Details
Keywords: Family Ownership; Management Succession; Transition
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Wing, Christina R., and Rohit K. Gera. "How to Bring an Outside CEO into the Family Business." Harvard Business Review (website) (October 25, 2023).
  • September–October 2024
  • Article

Should a Family Business Accept a Returning Daughter’s Radical Proposal?

By: John D. Macomber
A family-owned and controlled conglomerate in Cote d'Ivoire, West Africa, has to decide what titles and authority to give to a daughter who is being courted to leave a promising career in Europe to come back and join the business. The choices of role range from an... View Details
Keywords: Succession Planning; Power Grid; Family Business; Management Succession; Emerging Markets; Business Strategy; Agriculture and Agribusiness Industry; Côte d'Ivoire
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Macomber, John D. "Should a Family Business Accept a Returning Daughter’s Radical Proposal?" R2045M. Harvard Business Review (September–October 2024): 156–161.
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