Articles on Family business

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U.S. Sen. Chuck Grassley of Iowa is 93. He hasn’t said whether he’s going to run again in 2028. Tom Williams/CQ-Roll Call, Inc via Getty Images

Why older lawmakers may wait too long to step aside

Many older incumbents are on the ballot for the 2026 midterms, adding to America’s debate over the wisdom of aging politicians delaying their retirement.
Family businesses are everywhere. What makes them so common? Mint Images RF via Getty Images

Why do family companies even exist? They know how to ‘win without fighting’

My team analyzed decades of research on family businesses to find out their secret sauce. Three key differences help them keep an edge over competitors.
Running a business and successfully transferring ownership are two very different skill sets. Without thoughtful policy support, Canada risks losing not just businesses, but the jobs and community investments they sustain. (Martin Baron/Unsplash)

Budget 2025 ignores the looming succession crisis facing Canada’s family businesses

Budget 2025 failed to provide any measures to support and equip entrepreneurs and family business owners for generational transitions.
The Gunnersbury Estate, which was purchased by merchant and financier Nathan Mayer Rothschild in 1835, is seen in London in 2022. (Shutterstock)

What family firms like Rothschild can teach Canadian businesses about resilience

Family businesses like Rothschild can offer them significant advantages in international business. But families can also contribute unique biases that can compromise a business.
Donald Trump addresses supporters during a campaign rally as he celebrates his 78th birthday on June 14, 2024. Jim Watson AFP via Getty Images

We study aging family business incumbents who refuse to let go − here’s why the 2024 race felt familiar

Donald Trump is acting like the classic patriarch of a family business − and he’s not the only politician to do so.
Leadership decisions can be especially challenging for family companies. Warner Bros. Discovery

Should family members be in charge of family businesses? We analyzed 175 studies to understand when having a family CEO pays off

Family businesses face unique considerations when making leadership decisions.
While family owners can sometimes be bad for business, they can also be beneficial in many ways. (Shutterstock)

Corporate social responsibility: Why family businesses get more bang for their buck than non‑family firms

By investing in corporate social responsibility initiatives, family-owned businesses can make financial gains while also making positive societal contributions.
Sometimes holding onto traditions can be a hindrance to the success of family businesses, but there are ways to innovate while also honouring them. (Andrea Piacquadio/Pexels)

How to manage traditions for the continued success of the family business

Traditions shouldn’t be thrown out since they often provide a vital foundation for the family business. But they also shouldn’t be rigidly enforced.

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