Family Business
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…
Leadership and People Management
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…
Family Business
Sooner or later, all family businesses face succession processes. Ideally, these are founded on professional criteria and approved by both predecessors and successors. The lack thereof is an all too frequent mistake and the most common source of conflict in family-owned firms. Movie: YES. Ongoing series: NO A generational handover should be framed as a…
Family Business
Family firms are integral to the global economy, driving positive change by pursuing both financial objectives and the generation of socioemotional wealth (SEW). Developed by Prof. Luis Gómez-Mejía, socioemotional wealth in family firms encompasses a number of non-economic factors including family control, values, legacy, transgenerational vision, pride of belonging and emotional connection. The dual role…
