Carvajal: Building a holistic family enterprise

Family business innovation using artificial intelligence, archival knowledge, heritage data and recombinant innovation creates breakthrough products and new.

We investigate family CEO birth order as an antecedent of family firms' CSR behavior. Despite psychology literature recognizing it as a key predictor of individual behavior, birth order has been largely neglected in management research. Drawing on...

The four things successful families do to navigate the uncertainties of the modern world.

Non-family managers play a crucial role in fostering innovation within family firms, yet their impact remains debated due to inconsistent research findings and a lack of comprehensive synthesis. This study integrates this effect through a meta-ana...

In many entrepreneurial families, “engaging” the NextGen is approached as a matter of motivation: how to get the younger generation involved, how to bring them to meetings, how to spark their interest. But when the NextGen is a broad group, with a...

Family offices are experiencing unprecedented growth, with an estimated 17,000 worldwide and nearly 10,000 established in just the last fifteen years (EY, 2022). Yet despite this rapid expansion, academic research has struggled to keep pace with p...

Family firms are often portrayed as cohesive systems driven by strong family leadership. But what happens when these firms grow complex, operate across multiple business units, and rely heavily on nonfamily managers? After all, nonfamily employees...

In entrepreneurial families, complexity lies primarily in their ongoing interaction with the family.

Before joining a family business board, directors need family due diligence. Explore five lenses to assess governance, power, alignment, and risk.

Lessons from Japan reveal how family business longevity is shaped by values, governance, and purpose, while urging families to define success on their own terms.