At the start of a new academic year, let me first extend a warm welcome to everyone! The Chair of Family Business team is back, with our batteries fully charged and ready to continue offering you new insights and ideas to boost your firm’s performance. For my first article of 2023-24, I would like to […]
Succession and family vision
Succession is the most critical challenge faced by family businesses since it touches the very heart of family and firm: its foundational bricks and future legacy. It’s difficult because it affects people – predecessors and successors, the company and the owner family – as well as complex since it can impact all three different spheres […]
Other things that tend to happen in family firms
In my previous post, I highlighted two of the most common mistakes in family businesses. To avoid going on about mistakes, I’ve decided to entitle this post “Other things that often happen in family firms.” To be sure, lots of good things happen in family firms. My colleague, teacher and friend, Prof. Miguel Ángel Gallo, […]
Succession, the monumental question
The topic of succession has a long history and has never been limited to the exclusive domain of family business. Putting it into perspective can give us a deeper understanding of its importance in all organizations, both family- and non-family-owned. After writing this post, I thought it was perhaps more suited to an academic readership, […]
Succession in family firms: navigating the power paradox
Many family business leaders hold two conflicting emotions as they near retirement: on one hand, the desire to pass the baton to their children, and on the other, the desire to retain control for as long as possible. These opposing aims can significantly affect the parent-child dynamic and result in a paradox in which the […]
Bodegas Pradorey: where tradition meets innovation
Fernando Rodríguez de Rivera is the general director of Bodegas Pradorey, a winery located in Spain’s Royal Site of Ventosilla. Here he shares Pradorey’s “long and winding” 30-year path to success as one of the most renowned Ribera del Duero wineries. Pradorey can’t be understood without mentioning the Royal Site of Ventosilla, where the winery […]