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…

In 2019, I was fortunate enough to receive funding from IESE’s High Impact research initiative to study how global professionals manage their work. So I teamed up with Maïlys George as both of us have been fascinated by cross-cultural experiences, and especially how individuals manage their work and nonwork lives across borders. Our focus was…

Lately, streaming networks have been particularly busy releasing new content, and the response has been very positive. Shows like "House of Dragons" and "Bridgerton" are keeping viewership high across various platforms. In fact, according to Netflix, users are more engaged than ever, spending over 10 hours a month on the platform, which is significantly higher…

Among their unique characteristics, family businesses pursue both financial goals and non-economic aims such as preserving the family legacy and promoting community development. This dual perspective can lead to misalignment among family members regarding organizational priorities, while raising important questions: How should family firms integrate divergent perspectives in their decision-making processes? What’s the best structure…