Carlos March Delgado has stepped down as the chairman of the board of Banca March at the age of 78 after serving as the longest-serving chairman of a Spanish bank (1974-2015). Learn more about his long and brilliant professional career (article in Spanish): Carlos March Delgado announces his resignation as chairman of the board of […]
Family businesses have a talent-acquisition advantage
According to a recent PwC survey, next-generation leaders of family firms see talent acquisition, management, and retention as a key priority in the next two years in the wake of Covid-19 impacts and the subsequent labor market moves. In this Harvard Business Review article, the authors explore the pivotal role of talent acquisition in the […]
Opening the door to new possibilities
The start of the new academic year invites us to open our minds in the broadest sense – to new ideas, people, projects and ways of working that inspire us personally and motivate our teams and organizations. In the realm of family business, several dualities reflect this sense of expansiveness: legacy and future, tradition and […]
External stakeholders: 3 ways to boost engagement
Guest contributor: Sumeet Malik Assistant Professor · University of Amsterdam / Entrepreneurship & Innovation Section 2021-2022 Post-Doctoral Fellow · IESE Chair of Family-Owned Business From investors and regulators to customers, external stakeholders are critical to the long-term success of family firms. They buy their products, regulate their operations, and provide their means of operation by […]
Family business is P2P
We often hear about B2C and B2B business models, but let’s not forget P2P, or the “person to person” model. Year after year, my interactions with family firms confirm the importance of placing people at the heart of decision making. People should always be the top priority, which applies not only to family business, but […]
Annual Report 2021-22
As Aristotle said, the whole is greater than the sum of its parts, and this is certainly true of IESE’s Chair of Family-Owned Business. Looking back on the academic year, I could not be more pleased with the team’s accomplishments and contributions toward advancing the practice and knowledge of family business. We hope you enjoy […]
Trust and family firms: what do we know?
Recognized by UNESCO as Intangible Cultural Heritage of Humanity, castells are human towers whose origins date back to the early 18th century in Catalunya. At a recent teambuilding event with other IESE faculty, I had the chance to discover their history – and experience first hand! – what it takes to build a castell. They […]
The family in business
Family businesses always have an owner family as the shareholder of reference. This is the family that defines the company’s purpose and transforms family values into corporate values. This is the family that serves as a beacon of unity and commitment, transmitting a sense of corporate stability and long-term continuity. Hence, the importance of developing, […]
Bill Marriott passes the baton
Marriott International’s Chairman and Chairman of the Board, Bill Marriott, has retired after an illustrious 66-year career. Read his parting words on his last LinkedIn post as Chairman, which also features a heartwarming video with his son and successor, David. From Generation to Generation
The family council, a means and not an end
Guest contributor: María Rodríguez García Predoctoral Researcher and Lecturer · Universitat de València Visiting Researcher · IESE Chair of Family-Owned Business The family council as a concept began gaining traction in the 1990s, when consultants and academics highlighted its relevance in terms of protecting the business family’s long-term interests and navigating potential family complexity. Under […]
“It’s time to challenge the status quo at family businesses”
How can future leaders of family firms act as responsible stewards of their family legacy while also serving as catalysts for necessary change? This ESG by PwC article explains the need for next-generation leaders to prioritize ESG factors in order to build their own legacy: It’s time to challenge the status quo at family businesses […]
