Bavaria: Brewing with local roots and global ambitions

Family offices are no longer quiet custodians of wealth. Based on the IMD-FBN Global Family Office Report - one of the most comprehensive family-first studies of its kind - they are evolving into multidimensional platforms that anchor both financi...

Transformational leadership is recognized for bringing family members together; however, its role in multi-unit complex family firms that rely on nonfamily managers is poorly theorized. We find that transformational family chief executive officers...

Though often invoked as a source of continuity, identity, and strategy, legacy remains conceptually underdeveloped and practically elusive. Leaders frequently grapple with how to preserve what matters from the past while enabling renewal, especial...

While often perceived as locally embedded and less inclined toward international expansion, many family businesses rank among the world’s most successful companies, combining global growth with the preservation of family identity, values, and cont...

The phenomenon of ‘new inheritances’ is affecting many mature economies: inheriting is becoming almost as important as working. The issue is not only distributive. It is organisational and, in a strong sense, institutional: it concerns the quality...

This article examines the role of businesses and managers in driving sustainable development, with a focus on family firms. Drawing on the mixed gamble perspective, we compare the progress of family and non-family firms toward achieving SDG 7 (aff...