What happens when a family council agrees on a succession plan involving both the current leaders and the next generation, but some family members don’t follow through? Consciously or unconsciously, their day-to-day actions may begin to drift away from what was agreed and expected. The result: the succession process starts to derail. Imbalances and interference…

Reading the Harvard Business Review article “How to Lead When Things Feel Increasingly Out of Control,” I was struck by its particular relevance for family-owned firms—businesses often criticized for delaying critical decisions and missing opportunities amid uncertainty and volatility. This perception notwithstanding, many family businesses bring decades of hard-won experience in navigating uncertainty. They have…

Over 18 years. That's how long I've called Barcelona home—longer than I've lived anywhere else in my adult life. For someone whose career spanned countries like Germany, France, Singapore and Australia, this wasn't the script I imagined. Like many globally mobile professionals, I spent my early career chasing the next opportunity, the next horizon. Each…

Guest collaborator: Pedro Vázquez Pedro Vázquez is an associate professor of business policy, academic director of the Center for Family Business, and holder of the Chair of Organizational Governance at IAE, located in Buenos Aires, Argentina. When the topic of business families arises, the conversation almost invariably turns to money: How much is the company…