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  • September 2023
  • Technical Note

Note on Family Constitutions

By: Christina R. Wing
Less than half of family businesses will survive generational transfer. While sometimes this is due to operating company issues, in many cases it is because of conflict within the family. Many families create and adopt a family constitution to proactively mitigate... View Details
Keywords: Family Business; Policy; Organizational Structure; Family Ownership; Conflict Management; Agreements and Arrangements
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Wing, Christina R. "Note on Family Constitutions." Harvard Business School Technical Note 624-045, September 2023.
  • April 7, 2017
  • Article

Signs You’re Losing Control of Your Family Business

By: Josh Baron and Rob Lachenauer
These red flags signal the need to reassert authority. View Details
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Baron, Josh, and Rob Lachenauer. "Signs You’re Losing Control of Your Family Business." Harvard Business Review (website) (April 7, 2017).
  • 09 Jul 2007
  • Research & Ideas

Five Steps to Better Family Negotiations

Negotiations between family members who own a business are different—different from negotiations between non-family members and also different from negotiations between family... View Details
Keywords: by John A. Davis and Deepak Malhotra
  • 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.
  • 1997
  • Book

Generation to Generation: Life Cycles of the Family Business

By: K. Gersick, J. A. Davis, M. M. Hampton and I. Lansberg
Keywords: Family Business; Business Cycles
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Gersick, K., J. A. Davis, M. M. Hampton, and I. Lansberg. Generation to Generation: Life Cycles of the Family Business. Boston: Harvard Business School Press, 1997.
  • 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).
  • 13 Feb 2014
  • Research & Ideas

Managing the Family Business: Leadership Roles

Editor's note: This is part of a series of occasional columns on managing the family business written by Senior Lecturer John A. Davis. In this article, Davis discusses leadership roles. Part Two:... View Details
Keywords: by John A. Davis
  • October 2023
  • Technical Note

Governance for the Family Enterprise

By: Christina R. Wing and Vicki Morton
Governance stands as the backbone of any successful organization, providing the structure, transparency, and accountability necessary to guide decisions, ensure efficiency and foster sustainable growth. Its significance takes on a heightened dimension within family... View Details
Keywords: Family Business; Corporate Governance; Family Ownership; Business Growth and Maturation
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Wing, Christina R., and Vicki Morton. "Governance for the Family Enterprise." Harvard Business School Technical Note 624-047, October 2023.
  • October 2020
  • Case

Genomics in the Family Office

By: Lauren Cohen, Ronnie Stangler and Spencer C. N. Hagist
Alice Anane is the member of a large, wealthy family that collectively operates a multi-pronged family business in Israel. Upon discovering partway into her pregnancy that the rapidly degenerative brain disease her father succumbed to now threatens her and potentially... View Details
Keywords: Family Business; Health Disorders; Strategic Planning; Corporate Governance
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Cohen, Lauren, Ronnie Stangler, and Spencer C. N. Hagist. "Genomics in the Family Office." Harvard Business School Case 221-035, October 2020.
  • 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.
  • 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 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).
  • 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).
  • June 2023
  • Exercise

Successful Governance for the Family Enterprise

By: Christina R. Wing
This exercise examines three different family enterprise scenarios to open a conversation on what makes them successful. We look at how there is no strategy that fits all for family businesses, but there are strategies that can influence both the business and the... View Details
Keywords: Family Business; Strategy; Success
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Wing, Christina R. "Successful Governance for the Family Enterprise." Harvard Business School Exercise 623-083, June 2023.
  • March 2014 (Revised January 2017)
  • Case

From Beijing Jeep to ASC Fine Wines: The Story of an American Family Business in China

By: William C. Kirby and Erica M. Zendell
In 1985, Don St. Pierre Sr. became President of Beijing Jeep, the troubled joint venture between American Motor Corporation and the Chinese government to build Jeep Cherokees in China. Just over a decade later in 1996, leveraging contacts from his time in the... View Details
Keywords: Entrepreneurship In Emerging Markets; China; Joint Ventures; Wine Industry; International Entrepreneurship; International Business; Exports; Chinese Manufacturing; Business And Government Relations; Ownership Stake; Strategy; Operations; Auto Industry; Food and Beverage Industry; China
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Kirby, William C., and Erica M. Zendell. "From Beijing Jeep to ASC Fine Wines: The Story of an American Family Business in China." Harvard Business School Case 314-053, March 2014. (Revised January 2017.)
  • March 12, 2024
  • Editorial

Best Practices for Family Philanthropy

By: Christina R. Wing
Philanthropy is a key priority for many families, but when sitting down and considering where to start, the vast options can be overwhelming. Social impact is not supposed to be a chore, but rather something you and your family can appreciate and look forward to... View Details
Keywords: Philanthropy and Charitable Giving; Social Enterprise; Family Business; Corporate Social Responsibility and Impact
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Wing, Christina R. "Best Practices for Family Philanthropy." Family Capital (March 12, 2024).
  • 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).
  • 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.
  • January–February 2021
  • Article

A Culture of Continuity Is Key to Family Business Longevity

By: Josh Baron and Rob Lachenauer
Keywords: Family Business; Organizational Culture; Success
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Baron, Josh, and Rob Lachenauer. "A Culture of Continuity Is Key to Family Business Longevity." Family Business Magazine 32, no. 1 (January–February 2021): 24–29.
  • 15 Jan 2014
  • Research & Ideas

Managing the Family Business: It Takes a Village

Editor's note: This is the first of occasional columns on managing the family business written by Senior Lecturer John A. Davis. In this first of two articles, Davis discusses leadership models. Part One:... View Details
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