Dear HBR:

Family Businesses


Listen Later

Are you struggling with the complications of working in a family business? Dan and Alison answer your questions with the help of Ted Clark, who runs the Center for Family Business at Northeastern University. They talk through advancing when you’re not a member of the family, managing up when your parents are your bosses, and whether it’s better to work for a family enterprise or a big corporation.

From Alison and Dan’s reading list:

HBR: Surviving in a Family Business When You’re Not Part of the Family by Josh Baron and Rob Lachenauer — “Successful non-family leaders stick to the ‘management room.’ They understand that when it comes to the ‘family room,’ the family has all the power; it’s never going to be a fair fight. Blood is usually thicker than water. Yet family squabbles do spill over into the management room, and non-family executives must be able to isolate the business from the family when family members can’t see past their own internal squabbling.”

HBR: Avoid the Traps That Can Destroy Family Businesses by George Stalk, Jr. and Henry Foley — “An underappreciated problem is that families often grow more quickly than their businesses do. If a company founder has three children, each of whom marries and produces three more children, each of whom marries, within three generations there could be 25 people or more (including all the spouses) working or looking to work at the company. Many businesses simply don’t have enough work to employ every family member.”

HBR: Saving a Family Business from Emotional Dysfunction by Manfred F. R. Kets de Vries — “The most persistent complaints I hear are that members of the senior generation refuse to share power with their adult children; that there are family members put into management positions for which they are not qualified; and that it is impossible to have a truly professional relationship with someone in the family (father, mother, uncle, aunt, brother, sister, or cousin). And all too often, the powerholders in a family business fail to address such problems effectively.”

HBR: Leadership Lessons from Great Family Businesses by Claudio Fernández-Aráoz, Sonny Iqbal, and Jörg Ritter — “Leadership decisions, particularly at the very top, can be a minefield for family businesses. But our research shows that companies can navigate safely and prosper for generations if they establish good governance as a baseline, preserve family gravity, identify and develop high-potential executives both within the family and outside it, and bring the right discipline to their CEO succession and integration processes.”

...more
View all episodesView all episodes
Download on the App Store

Dear HBR:By Harvard Business Review

  • 4.6
  • 4.6
  • 4.6
  • 4.6
  • 4.6

4.6

742 ratings


More shows like Dear HBR:

View all
The McKinsey Podcast by McKinsey & Company

The McKinsey Podcast

381 Listeners

Coaching for Leaders by Dave Stachowiak

Coaching for Leaders

1,450 Listeners

HBR IdeaCast by Harvard Business Review

HBR IdeaCast

172 Listeners

Cold Call by HBR Presents / Brian Kenny

Cold Call

193 Listeners

Women at Work by Harvard Business Review

Women at Work

1,379 Listeners

HBS Managing the Future of Work by Harvard Business School

HBS Managing the Future of Work

106 Listeners

No Bullsh!t Leadership by Martin G Moore

No Bullsh!t Leadership

124 Listeners

Think Fast Talk Smart: Communication Techniques by Matt Abrahams, Think Fast Talk Smart

Think Fast Talk Smart: Communication Techniques

794 Listeners

A Bit of Optimism by Simon Sinek

A Bit of Optimism

2,174 Listeners

How to Be a Better Human by TED

How to Be a Better Human

1,402 Listeners

Coaching Real Leaders by Harvard Business Review / Muriel Wilkins

Coaching Real Leaders

668 Listeners

The Mel Robbins Podcast by Mel Robbins

The Mel Robbins Podcast

20,819 Listeners

HBR On Strategy by Harvard Business Review

HBR On Strategy

79 Listeners

HBR On Leadership by Harvard Business Review

HBR On Leadership

164 Listeners

New Here by Harvard Business Review

New Here

82 Listeners

The Jefferson Fisher Podcast by Civility Media

The Jefferson Fisher Podcast

8,429 Listeners