News
Directors and Boards: Reimagining The Board
October 2021
We are in the midst of a third wave of how we understand the role of the board.
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Quartz at Work: Male CEOs get paid more when they have deep, "manly" voices
September 2021
Research by CFE's Krishnan Nair
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Women Board Chairs Bring Diversity of Thought to the Table
August 2021
Private Company Director Magazine
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Bringing in help to run your firm? How to avoid the drama of Succession.
August 2021
Jennifer Pendergast insights in a CanadianFamilyOffices.com article
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The John L. Ward Papers: 1984-2017
July 2021
Professor John Ward's scholarly papers are available at the Northwestern University Archives. Professor Ward's papers represent a comprehensive body of work that provides rich and authoritative insights into this uniquely complex segment of the global economy.
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Podcast: Executive Presence - Do You Have It?
June 2021
"Executive presence doesn't measure your merit. It doesn't measure that intellect or that horsepower," Vuckovic says. "What executive presence does is it measures your capacity to translate out all of your creativity, all of your good ideas, all of your deep expertise."
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Women in Family Enterprise: 4 Takeaways for Success
June 2021
Insights for women in family enterprise.
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Celebrating the Official Dedication of the John L. Ward Center for Family Enterprises
May 2021
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Get to Know Vishnu Potini
May 2021
President- Hale Cosmeceuticals Inc; current Kellogg-EMBA student
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NYT: Wealthy Families Look to Help Family Businesses in the Pandemic
April 2021
Jennifer Pendergast in NYT
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Get to Know Pedro Bardales
April 2021
Director of External Affairs for the Family Enterprise Club (FEC) at Kellogg.
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PwC 2021 Family Business Survey
April 2021
An approach for lasting family business success
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HBR Webinar: Managing the Trickiest Parts of a Family Business
March 2021
Serving on any board is hard. But being a board member of a family-owned business is even harder. That's because there can be conflicting agendas and taboos that family members want to avoid. Yet avoidance doesn't work and can undermine a board's effectiveness.
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Sustaining Wealth Through a Well Defined Shared Family Capital Strategy
March 2021
The lack of a holistic perspective encompassing assets and commitments can result in blindspots and decision making that is not fully aligned with the family's purpose and objectives.
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A Texas grocery store lost power and let people leave without paying. Shoppers paid it forward.
February 2021
The mind-set, he said, seemed to be: "You're our customers. You probably need this stuff. Go ahead and have a nice day."
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New Kellogg Study: Family Business Values and Cognition Study
February 2021
Kellogg Research Study: Family Business Values and Cognition Study
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The Lodis Forum Survey: Women in Private Company Board Leadership
February 2021
The Lodis Forum
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The power of education: What do all family business leaders need to learn?
February 2021
LGA Lighthouse Podcast - For Family Business Success Across Generations
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Pioneering Family Firms' Sustainable Development Strategies
February 2021
New Horizons in Sustainability and Business series
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FBCG Special Report
December 2020
Diversity and Inclusion in Family Enterprise: What, Why, and How
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Get to know Sam Usdan
November 2020
Vice President of the Family Enterprise Club, External Affairs
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Implementation Workshops
October 2020
In Session 4, we will take a deep dive into how to implement a family capital strategy, focusing specifically on developing the family capital policy and governing, and reporting frameworks to endure the capital strategy is actionable.
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How to Implement Your Own Shared Family Capital Policy
October 2020
Session 3 explores How to implement your policy by designing your governance and operating model, reporting and measurement systems to ensure successful framework implementation.
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Podcast: Andreas Kuster - An Entrepreneur in Search of a Family Business
October 2020
In 2017, the Andreas & Charlotte Kuster family from Basel took over Swiss-based Jakob's Basler-Leckerly and continue to run it as a traditional family business. The company, founded in 1753, is the oldest cookie manufacturer in Switzerland, and so the oldest in Europe.
Through the Kuster family enterprise story, we explore three important and very relevant concepts to family IN Business today. Number one: passing on the entrepreneurial gene. Number two: selling off is not necessarily a sign of failure. Number three: what playing the long game requires.
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CFE Live Virtual Programs Testimonial - Chris Herschend
October 2020
Chris Herschend, Chair, Herschend Enterprises and Managing Director, Elmwood Management
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CFE Live Virtual Programs Testimonial - Drew Everett
October 2020
Drew Everett, Chairman of the Board, Bush Brothers & Company
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How Family Business Owners Can Step Up During A Crisis
October 2020
KelloggInsight Article
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An E&W; MBA Leads Innovation in a 50-Year-Old Family Business
September 2020
Lettuce Entertain You Enterprises
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Developing Your Own Shared Family Capital Policy
September 2020
In Session 2, we dove deeper into this Framework and explain how to use it to develop your own Shared Family Capital Policy. This session starts by helping you identify the totality of your shared assets and align them to the family enterprise purpose in order to create your unique Policy. This session explores the sources and uses of capital within each of the key buckets of the Framework: Growth, Stability & Preservation, and Giving & Spending.
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Family Businesses Are Experiencing the COVID-19 Crisis in Unique Ways
September 2020
KelloggInsight Article
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Family Business Owners - What's Next In Light of COVID-19?
September 2020
Kellogg Alumni Club of New York Online Panel Discussion.
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Africa CEO Forum: The Family Business Summit
September 2020
More than 150 leading African family business leaders and shareholders.
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Podcast: Anne Eiting Klamar: Being ME As A Family Business Leader
September 2020
Midmark
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CFE Student Spotlight: Get to Know Ted Gottwald
September 2020
President of the Family Enterprise Club
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Meet the Kellogg Class of 2022: Roberto Chavez Flores
September 2020
Poets & Quants
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Podcast: John Nelson - Family Business Or Family IN Business. That Is the Question.
August 2020
SEED Beauty
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Podcast: Todd Schurz - We're All In This Together - Whatever 'This' Is
August 2020
Schurz Communications left the traditional communications industry without leaving any of their family members behind.
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Podcast: How a Century-Old Family Business Is Adapting to the Pandemic
August 2020
Griffith Foods: The pandemic's effect on the food industry has been complicated.
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NYT: For Owners of Century-Old Businesses, Shutting Down Brings a Special Pain
July 2020
Obligation cannot be the reason to continue. Long term, that is not sustainable.
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The Tanoto Foundation makes $10 million gift to name the John L. Ward Center for Family Enterprises at Kellogg.
July 2020
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Podcast: Adam Farver - For Longtime Family Businesses Like Pella Corporation, These Are Not "Unprecedented Times"
July 2020
No matter how often we hear the phrase "unprecedented times" in reference to the coronavirus, fourth-generation family business Pella Corporation knows that they have seen times like these before. Chairman Adam Farver has dozens of examples of difficult situations and market downturns. Family businesses will lead the way through this not-unprecedented crisis.
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Getting a Grip on Holding Companies
July 2020
A holding company structure can help families govern their multiple entities and can even strengthen family cohesion. Too few families are aware of the advantages.
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Introducing Our Shared Family Capital Framework
July 2020
In Session 1, we introduce our Shared Family Capital Framework as a tool to provide a holistic view of the shared assets within your Family Enterprise.
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STEP Research - COVID19 Learning Cases: Malaxmi Group
July 2020
They felt that their Group can emerge stronger in the post-covid era, if they utilise the lockdown time to revisit every assumption of the current business practices, set strong systems and processes for the future and pivot the organisation to meet the uncertainties of the future.
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STEP Research - COVID19 Learning Cases: Curtis Packaging
July 2020
The top management team regrouped over a three-hour conference call Saturday, March 14th to evaluate the situation and plan for changes needed to continue operations without losing a single day of work, minimizing furloughs, and ensuring the safety and well-being of all.
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Get to Know KCFE's Krishnan Nair
June 2020
Krishnan studies how the process of biological and cultural evolution has shaped the psychology of individuals, and in turn, how these insights can inform our understanding of corporate governance, leadership, and politics, especially in the family business domain.
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KCFE Announces Podcast Series
June 2020
"As an innovator in the field of family enterprise education and scholarship, KCFE is constantly looking for new ways to support family enterprises - we are thrilled to launch our podcast series, which features the inspiring stories of family business leaders," said Jennifer Pendergast, Executive Director of the Center.
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Podcast: Robert Pasin - Rethinking Radio Flyer's Little Red Wagon Without Reinventing the Wheel
June 2020
Reviewers described Radio Flyer as "Americana on four wheels," but just because it was beloved didn't mean it would last forever. Soon after joining his multi-generational family owned business, Robert Pasin learned the company was in trouble. Though the company hadn't changed, consumer preferences had. How could they gain a competitive advantage without losing everything that made Radio Flyer an iconic part of Americans' childhood memories?
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Understanding the Board's Key Role in a Crisis
May 2020
Five ways that family businesses can leverage this governance during an unprecedented crisis.
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A Test of Family Enterprise Purpose and Values: Planning for the Future Impact of COVID-19
May 2020
Planning for the Future Impact of COVID-19
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Have no fear, family enterprise superpowers are here!
May 2020
FBCG Article: Family Enterprise Superpowers Offer Strength in Tumultuous Times
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COVID-19 Relief Legislation.
May 2020
Helping private companies and their owners increase cash flow and retain employees.
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How HEB has adapted during COVID-19.
April 2020
Learn how HEB - a family-owned regional supermarket chain - has adapted to the unique role of Essential Business during COVID-19.
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How to be Effective Philanthropists During the COVID Crisis.
April 2020
How to be Effective Philanthropists During the COVID Crisis.
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Covid-19 Resources for Family Owners
March 2020
Covid-19 Resources for Family Owners
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Atlantic Magazine: The Nuclear Family Was a Mistake
February 2020
Kellogg Thought Leadership: Atlantic Magazine - The Nuclear Family Was a Mistake
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BBC: How to Leave a Family Business
February 2020
Kellogg Thought Leadership: BBC Article - Jennifer Pendergast - How to Leave a Family Business
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Managing the Trickiest Parts of a Family Business
January 2020
Kellogg Thought Leadership: HBR Article - Jennifer Pendergast
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The Best Way to Attract Next-Generation Family-Business Leaders
January 2020
Kellogg Thought Leadership: Jennifer Pendergast
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Catherine Faherty wins the 2019 Jablin Doctoral Dissertation Award
December 2019
Awarded annually to a scholar whose doctoral dissertation research, while on any topic and from any discipline, demonstrates substantial insights and implications for the study of leadership.
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Kellogg Family Business Alumni Network Leader Ryan Butler on the Power of Alumni Continuity.
November 2019
Professors, Peers, Programs, Research.
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KCFE Executive in Residence John Nelson
November 2019
Co-Founder & CEO at SEED Beauty and KCFE Executive in Residence John Nelson discusses Kellogg and Business Success.
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Family Business Magazine Article: Sustainable Governance
November 2019
Article Featuring KCFE Family Leadership Award Winner Huber Corporation.
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Sibling Relationships Study
October 2019
Our new Sibling Relationships Study will examine the intersection of family and family business.
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Why Family Enterprises require an Architecture of Governance
September 2019
Honoring the seven constituencies.
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Family Wealth Continuity Conference 2019
September 2019
The KCFE hosted its conference on family wealth and investing in September 2019 that brought together families from across the world to discuss family investment. The conference examined how families use their investment strategy to diversify, grow, and reinvent their enterprises.
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Knowledge and The Network.
September 2019
An Interview with MBA Graduate Tamer Barazi.
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Bloomberg Article on Succession
September 2019
2019 KCFE Leadership Award Family Lee Kum Kee
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Dr. Pendergast explains our Forming Family Enterprise Government Program.
September 2019
Click here to learn more about KCFE's Forming Family Enterprise Government Program.
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Kellogg MBA Teresa Matsui
September 2019
Pioneering Orchid Grower Brings Beauty to the World
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Family Business Magazine Article:
August 2019
Overcoming Emotions and Conflicts to Plan for Leadership Succession
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KCFE Postdoctoral Research Update: Krishnan Nair
July 2019
KCFE Postdoctoral Fellow Krishnan Nair gives an update on his family business-focused research.
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KCFE Postdoctoral Research Update: Catherine Faherty
July 2019
KCFE Postdoctoral Fellow Catherine Faherty gives update on her family business-focused research.
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How Family Businesses Can Adapt for the Next Generation
July 2019
Dr. Pendergast discusses how today's investing families are considering a range of different approaches to managing and enhancing their wealth.
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KCFE Hosts Family Enterprise Alumni During 2019 Reunion.
July 2019
KCFE Hosts Family Enterprise Alumni During 2019 Reunion.
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Dr. Pendergast Featured on Crain's Chicago Business Roundtable
June 2019
Roundtable on Family Business: The Enterprising Family
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2019 Leadership Award: Lee Family of Lee Kum Kee
May 2019
The Kellogg Center for Family Enterprises is proud to announce the Lee Family of Lee Kum Kee as the recipient of the 2019 Family Enterprise Leadership Award.
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The Role of Culture in Recruitment of Non-Family Executives.
May 2019
Hiring non-family members for senior positions involves more than assessing candidates' leadership qualities and track records.
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PwC's 2018 US Family Business Survey
May 2019
The release of PwC's ninth Global Family Business Survey comes at a time of extraordinary transformation.
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New Executive Director
May 2019
Jennifer Pendergast is the inaugural John L. Ward Clinical Professor of Family Enterprise and Executive Director of the KCFE, effective April 1, 2019.
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Why Family Businesses Sometimes Make Decisions That Seem Bad for the Family
January 2019
The story of A.J. Bush, founder of the baked bean giant Bush Brothers and Company, presents something of a puzzle for those who study decision-making in family businesses.
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#2 - Continuity Plan
January 2019
Planning is required to reduce the inevitable tension between each of the dyads represented in the Three-Circle Framework.
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#1 - Three Circles Revisited
January 2019
This well-known diagram demonstrates the family firm modeled as comprising three overlapping, interacting, and interdependent subsystems of family, managers, and owners.
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ColourPop Cosmetics Hosts KCFE Continuity Conference
November 2018
ColourPop Cosmetics hosted a special one-day Kellogg Center for Family Enterprises Continuity Conference at its headquarters in Oxnard, California.
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Three Questions All Aspiring Entrepreneurs Should Ask Themselves
July 2018
Justin Craig and Dr Leon Schjoedt created a scale to help aspiring entrepreneurs measure their level of self-efficacy.
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Three Keys of Stewardship for Owner/Managers
June 2018
Drive Innovation. Create Opportunities.
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Family Enterprise Club Trip to Kohler
May 2018
David Kohler, President and CEO of Kohler Company, as well as tour both the Kohler Factory and the Design Center.
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2018 Kellogg Alumni Award Winner
May 2018
Ann M. Drake '84 is the recipient of the 2018 Distinguished Alumni Service Award
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2018 Leadership Award Winner: The Huber Family of The J.M. Huber Corporation
May 2018
The Kellogg Center for Family Enterprises is proud to announce the Huber Family of The J.M. Huber Corporation as the recipient of the 2018 Family Enterprise Leadership Award.
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Following in the Family Footsteps
April 2018
Strengthen the Enterprise. Strengthen yourself.
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Creating a Family Business Culture That Values Change
April 2018
Think evolution, not revolution.
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Leading a Family Business: Best Practices for Long-Term Stewardship
October 2017
Based on insights from executives across the globe, this planning guide captures the unique challenges faced by leaders of a family business and presents an approach to help these operations survive and thrive across generations.
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Radio Flyer's Award Winning Animated Short Film
October 2017
Radio Flyer's animated short film Taking Flight was nominated for a 2017 Daytime Emmy Award in two categories, Outstanding Special Class Animated Program and Outstanding Directing in an Animated Program. Originally debuted in 2016, the film has received more than 20 awards and accolades from international and local film festivals.
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2017 Leadership Award Winner: Ochs/Sulzberger Family of The New York Times
May 2017
2017 Leadership Award Winner: Ochs/Sulzberger Family of The New York Times
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2016 Leadership Award Winner: The Milliken Family of Milliken & Company and Pacolet Milliken
May 2016
2016 Leadership Award Winner: The Milliken Family of Milliken & Company and Pacolet Milliken
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Joining the Family Business: One Year In
February 2016
"Today, say nothing that is not true, nothing that is not kind, nothing that is not useful, and nothing that is not necessary."
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2016 Trust Barometer Report: Trust and CEOs
February 2016
KCFE will host a presentation of the 2016 Key Findings by two of Edelman's top executives.
We are fortunate that our Center for Family Enterprises (CFE) at Kellogg will host a presentation of the 2016 Key Findings by two of Edelman's top executives to members of the Northwestern University community.
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Field Trip to Radio Flyer, Inc. - 92 Years Young
February 2016
"He transformed the firm from a steel-stamping, limited-SKU plant to an imaginative design shop that inspires kids daily!"
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Managing the Communication Paradox in the Family Business Circus
February 2016
Successful multi-generational families in business don't leave managing the communication paradox to chance ... it is their number one priority.
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Innovation and Culture: Field Trip to SC Johnson
February 2016
Twenty students from Kellogg's MBA student Family Enterprise Club (FEC) were lucky to start off fall quarter with a day-long tour to the SCJ campus.
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Announcing Visiting Professor Pramodita Sharma
February 2016
John Ward: "Her passion for family business students makes her a perfect fit for our vision as a Center."
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Conference Proceedings Books
September 2015
Proceedings Books from our past Family Business Conferences 2002-2007. Insights gleaned from these books are as important and relevant today as they were then.
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Lessons From My Entrepreneurial Journey
August 2015
Kellogg Alum and Claro Energy Co-founder Kartik Wahi '10 Takes You Through His Entrepreneurial Journey in This Business Standard Article.
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The Nature and Timing of Difficult Questions
August 2015
Questions within the family business are often trickier to ask than those asked within a non-family business. In August, CFE Professors Justin Craig and Lloyd Shefsky hosted a Lunch and Learn with students from the 1Y and JD/MBA program on campus.
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International Tax Planning
August 2015
International tax issues are complex for any business, but they present unique challenges - and some dangerous traps - for family-owned businesses. In a recent "Lunch & Learn" session, Ernst & Young's Private Client Services group discussed these issues with students at Northwestern University's Kellogg School of Management, many of whom are involved with family businesses outside the US.
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Family Business Intensive: Exchange for Kellogg Partner School from India
August 2015
In July 2015, Kellogg's Center for Family Enterprises (CFE) hosted an intensive week of instruction on aspects of family enterprise for 50 MBA students on exchange from the Indian School of Business Master's in Family Business Program (ISBMFaB). This is a unique MBA program at Indian School of Business for students working in their family enterprises.
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EY NextGenners Learn at Kellogg
July 2015
Kellogg's Center for Family Enterprises (CFE) welcomed a group of 20+ students, ages 20-27, from 14 different countries, for a weeklong course through Ernst & Young's Family Business Center of Excellence called "EY NextGen Academy Advanced Program". With its focus on building a next generation of entrepreneurs, the Kellogg professors' sessions provided much food for thought ...
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Family Business Wisdom: Graduation 2015
June 2015
On the morning after graduation, newly minted Kellogg MBA graduates from business-owning families from a dozen different countries--and members representing three generations of their families--attended a Commencement Celebration Talk and Reception hosted by the Center for Family Enterprises.
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KFBO: Key Experience for Students from Family Businesses Concludes for the School Year
June 2015
The 2014-15 MBA student Kellogg Family Business Organization (KFBO) completed its year of meetings in May with visits by Center for Family Enterprises professors John Ward, Lloyd Shefsky and Justin Craig. KFBO is a confidential cohort of students from business-owning families who present monthly to each other about their family enterprises and discuss next steps for the business and/or the individual and his/her role(s) within it.
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Creating a Culture of Change - by John Ward
June 2015
Managing culture is the most essential and valuable role for the successor leader(s) of a family business. The ability to manage culture is even more critical than the ability to develop strategy, as others can help lead strategy, but a family member must lead culture.
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Professor Ward Speaks at Kellogg's Alumni Club of Mexico City
June 2015
Professor Ward spoke at Kellogg's Alumni Club of Mexico City. His presentation, Family Business Lessons from 15 Years of Case Writing explored new insights from those cases and how they have influenced our research and teaching.
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Professor Shefsky: Real Homework is Not for Students
June 2015
Most students complain about homework. When my MBA students at the Kellogg School of Management grumble about assignments, I tell them that what they've called "homework" from elementary school through graduate school isn't actually homework. It was merely practice to develop tools for them to learn to do real homework. Real homework is the work you do when no one gives you the assignment, tells you how much work is enough, or establishes a deadline.
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Brazil Gathering: Professor John L Ward Speaks to Alumni and Guests
June 2015
On April 18, 2015, Professor John L Ward spoke to a gathering of 22 alumni and their guests in Sao Paulo, Brazil.
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Leadership Lessons from the Top
May 2015
On April 15, 2015, Kellogg Executive Women's Network (KEWN) held "A Fireside Chat with Powerful Female Business Leaders" featuring two Kellogg alums from business-owning families, attended by 100 female alumni and MBA students.
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2015 Leadership Award Winner: Marc Puig of Barcelona, Spain
May 2015
2015 Leadership Award Winner: Marc Puig of Barcelona, Spain
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Radio Flyer Named Top Place to Work 2015.
April 2015
Crain's Chicago Business named Radio Flyer to its Best Places to Work 2015 list. Robert Pasin ('97) is CEO.
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Lunch and Learn for Kellogg EMBA Students with Interest in Family Business.
March 2015
In March, the second generation family member and Director of Business Development for Parkway Construction and Associates, founded in 1981 by his father, gathered together a group of 20 fellow EMBA students to talk over lunch about family enterprise and enterprising families.
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Jason Surber of ATF, Inc. is Featured Speaker
January 2015
This fall, the Center for Family Enterprises introduced MBA student Nidheesh Patel'16 of India to alum Jason Surber'02 of Chicagoland, as their family businesses both serve OEMs in the automotive industries.
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KCFE Awards in UVM Competition 2015
January 2015
John L. Ward, Clinical Professor of Family Enterprise and Co-Director of the Center for Family Enterprises, was recognized for two cases by the University of Vermont's Family Enterprise Case Writing Competition.
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Lessons Learned from Working in the Family Business
August 2014
On July 23, 2014, a panel of four Chicago-area Kellogg alumni from business-owning families spoke on the Evanston Campus to a group of students from the India School of Business Master's in Family Business program in Evanston for a week-long exchange, and to a group of Kellogg students from business families who were in their first quarter of the 1Y MBA program.
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Family Enterprise Club @ Berkshire Hathaway
June 2014
Five MBA students from business families spent a Day at Berkshire Hathaway - including a meeting Warren Buffet, and visits to family businesses that BH owns on Feb 28, 2014.
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Blood is Thicker Than Recession
June 2014
Rooted in generational knowledge, access to capital and no shareholders to impress, many family businesses waited out the recent economic downturn. Now, they're poised for real growth.
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Fostering Women's Entrepreneurial Leadership in Family Firms: Ten Lessons
June 2014
Women's potential to lead a firm - whether one started by a family member or a new venture of their own - is still not often enough acknowledged. This article, based on the authors' book Women in Family Business Leadership Roles: Daughters on the Stage (Edward Elgar, 2009), presents ten lessons for family firms which arise from the experience of women in family firms.
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2014 Leadership Award Winner: Brown-Forman Family
April 2014
2014 Leadership Award Winner: Brown-Forman Family
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