by John L. Ward In a previous blog I wrote of recent research by Professors Lupkin and Brigham that offered clues to what Long-Term Orientation (LTO) means and how to see it in key prospective hires. Their three ingredients to … Continue reading →

Family businesses are inherently complex organizations made up of individuals who have their own view about what is good for their business. As a result, the decision-making process can often prove divisive, with heated emotional arguments stemming from someone's sense of unfairness.

A helpful antidote to this problem is the thoughtful articulation of -- and adherence to -- core principles, including a statement of values, a mission statement, a vision statement and appropriate policies.