Leaving a legacy: the importance of instilling shared values

The ultimate goal of any family business is to create a legacy for future generation. To achieve this, family firms strive to ensure that the wealth they generate (or inherit) grows on a solid financial foundation for the benefit of their descendants. But there's more to it than that. Even more important is their ability…

2023-24 Annual Report

As another academic year winds down, we are pleased to share our 2023-24 Annual Report, a showcase of the Chair's ongoing efforts to serve the global family-business community. On a personal note, this post also marks my last as the holder of the Chair of Family-Owned Business. Starting September 2024, Prof. Álvaro San Martín will…

Why It Pays Off to Be Fluent in a Multinational Team’s Official Language

Multinational teams come in many different forms, from diverse teams in club football to musical ensembles, product development teams, or engineering and consulting teams. Many professionals collaborate in such multinational teams, me included, which means that they need to agree on a common language to be able to converse and get work done. Most multinational teams…
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