Skip to content
  • New generation: How family businesses fuel the Bay State economy … and beyond

    Boston Business Journal - 12/20/2013

    Ted Clark, director of Northeastern University’s Center for Family Business, suggests family businesses face many of the same challenges every business does. Those issues include a competitive marketplace, financial challenges and regulatory changes. At the same time, he said, family businesses often confront issues that are unique to them, such as navigating interpersonal relationships and generational conflicts. “The advantage of family can be a powerful advantage or a destructive liability,” Clark said.

    If there’s a recipe for long-term success for these businesses, Clark said, it hinges on three “key” components: developing a functional board of advisors; strategic planning; and holding family meetings. These three activities address the majority of areas of conflict and stress points that cause conflict within family business.”

  • Cookies on Northeastern sites

    This website uses cookies and similar technologies to understand your use of our website and give you a better experience. By continuing to use the site or closing this banner without changing your cookie settings, you agree to our use of cookies and other technologies. To find out more about our use of cookies and how to change your settings, please go to our Privacy Statement.