Work design and less-hierarchical organizing in global companies

By 2022, German athletic apparel and footwear manufacturer Adidas seemed to have lost its way. External criticism pressured the company to break its lucrative Yeezy collaboration with divisive celebrity Kanye West after the rapper’s increasingly inflammatory public comments. The company was burning money, losing almost $800 million in the fourth quarter of 2022. And it…

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…
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