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  • 05 Mar 2014
  • News

Do CEOs of Family-Owned Businesses Work Less?

  • 23 Apr 2014
  • News

Leading strategic changes in a large family-owned business

Vinita Bajoria (GMP 10, 2011 AMP 183, 2012), senior vice president of Titagarh Wagons Ltd. In India, talks about how her studies at HBS helped her make strategic changes within her family-owned company. (Published April 2014) View Details
  • August 15, 2014
  • Article

Can an Outside CEO Run a Family-Owned Business?

By: Josh Baron and Rob Lachenauer
This article explores the intricate dynamics that often characterize family-owned businesses, shedding light on key archetypes that play prominent roles within these organizations. Using a narrative approach, the article illustrates the challenges faced by leaders... View Details
Keywords: Family Ownership; Personal Characteristics; Family and Family Relationships; Management Practices and Processes
Related
  • August 2019 (Revised March 2022)
  • Case

Family Matters: Governance at the Zamil Group

By: Christina R. Wing, Suraj Srinivasan and Esel Çekin
This case focuses on a large Saudi Arabian industrial conglomerate and family business Zamil Group’s corporate and family governance journey. The 12 sons of the founder led and grew the group successfully after taking over from their father in 1961. The secret to their... View Details
Keywords: Middle East; Family Ownership; Family-owned Business; Saudi Arabia; Family Business; Governance; Organizational Structure; Values and Beliefs; Steel Industry; Industrial Products Industry; Middle East; Saudi Arabia; Bahrain
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  • August 2013
  • Supplement

Lyric Dinner Theater (Video Supplement)

By: Jim Sharpe
Keywords: Turnarounds; Operations; Boards Of Directors; Family-owned Business; Hiring; Entrepreneurship; Family and Family Relationships; Family Business; Family Ownership; Entertainment; Negotiation; Entertainment and Recreation Industry; Saint Louis
Related
  • (Revised May 2024)
  • Teaching Note

Lyric Dinner Theater (A) and (B)

By: Richard G. Hamermesh, Jim Sharpe and Noah Fisher
This teaching note is associated with HBS cases 813-043 and 813-044. View Details
Keywords: Turnarounds; Turnaround; Operations Management; Family Business; Family-owned Business; Hiring; Careers; Sales; Operations; Entrepreneurship; Negotiation; Entertainment and Recreation Industry; Saint Louis
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  • 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
Related
  • May 2016 (Revised June 2016)
  • Case

A Succession as the Engine for Success

By: Jay Lorsch, Emily McTague and Rosa Maria Fite
Francisco J. Riberas sat in his office reflecting on his first summer working at the family business, in 1989. Growing up, Francisco Riberas had learned about the company through conversations with his father, Francisco Riberas Pampliega, over the dinner table and in... View Details
Keywords: Organizational Alignment; Organizational Behavior; Corporate Governance; Family Business; Family-owned Business; Succession; CEO Mentoring; Spain; Family and Family Relationships; Management; Leadership; Auto Industry; Europe; Spain
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  • 23 Nov 2010
  • News

Resolve an Ownership Dispute in a Family Business

  • 26 Jun 2013
  • News

Henry Ford's Great-Great Grandchildren Join the Family Business

  • December 2001 (Revised March 2003)
  • Case

Ben Fiorentino: Selling the Family Business

The caseescribes the challenges Ben Fiorentino, the second-generation head of a family-run equipment business, must deal with as he decides whether and how to sell the business. The business is encountering classic problems that confront family-owned firms: The third... View Details
Keywords: Family Business; Negotiation; Business Exit or Shutdown; Management Teams; Agency Theory
Related
  • 31 Jul 2017
  • HBS Case

It’s Hard to Fix the Family Business Without Offending the Family

Transitioning to next-generation leadership in a family-run restaurant business is a tricky recipe. Credit:  ansonmiao Harvard Business School case studies are often set in large corporations, where the wide... View Details
Keywords: by Julia Hanna; Food & Beverage
  • 31 Jul 2017
  • News

It’s Hard to Fix the Family Business Without Offending the Family

  • May 2013
  • Supplement

AME Learning Inc.

This is the Spreadsheet Supplement for HBS Case #810065 (AME Learning). Includes Exhibit 1, Exhibit 2, Exhibit 8, and Exhibit 9. View Details
Keywords: Entrepreneurial Management; Entrepreneurs; Angels; Angel Investors; Growth Planning And Management; Growth Strategy; Family Businesses; Family-owned Business; Careers; Venture Capital; Entrepreneurship; Personal Development and Career; Family and Family Relationships; Family Business; Canada; United States
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  • 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
Related
  • June 2013
  • Supplement

AME Learning Inc. (Video Supplement)

By: Jim Sharpe
This is the Video Supplement for AME Learning, Inc., HBS Case #810065. View Details
Keywords: Entrepreneurial Management; Entrepreneurs; Angels; Angel Investors; Growth Planning And Management; Growth Strategy; Family Businesses; Family-owned Business; Careers; Venture Capital; Entrepreneurship; Personal Development and Career; Family and Family Relationships; Family Business; Publishing Industry; Education Industry; Canada; United States
Related
  • 31 Aug 2009
  • News

Harvard Business School Professor Emeritus Louis “By” Barnes Dies at 81

  • 01 Oct 2001
  • Research & Ideas

Organizing the Family-Run Business

As described in the first article in this series, the "Three-circle" family business system is composed of three overlapping subsystems: those employed in the business, the shareholders, and members of the family that has a... View Details
  • December 3, 2014
  • Article

Family Businesses Need One Person to Conquer and Another One to Rule

By: Josh Baron and Rob Lachenauer
This article explores the different leadership styles needed in family businesses beyond the traditional "conqueror" archetype. While conquerors are growth-focused and hands-on, rulers are essential for managing complexity, focusing on governance, and addressing family... View Details
Keywords: Leadership Style; Family Business; Management Skills
Related
  • 03 May 2004
  • Research & Ideas

Business History around the World

driving the wealth of nations. It also demonstrates that there has never been a single model for successful or unsuccessful capitalism. To give only one example, business and economic historians have often taken a skeptical view of the... View Details
Keywords: by Cynthia Churchwell