KCFE Vlog: Family Business Fundamentals This an eleven-part series of short videos by Dr. Justin Craig, Clinical Professor of Family Enterprise and Director Kellogg Center for Family Enterprises, that introduces you to the differences between family businesses and non-family businesses. New videos in this series will be uploaded as they become available.

#10 Family Business Governance
Family Business Governance: Successful leaders of family businesses are students of governance. Their operational role is to understand, test, and endorse the unique strategies of a family business. View Video...
#9 Stewardship Theoretical Concepts
An overview of the importance of Stewardship Theory from the Individual Level and the Organizational Level.

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#8 Agency Theoretical Concepts
An overview of the importance of understanding Agency Theory in the successful governance of the family business enterprise. View Video...
#7 Four Tests
The Four Tests are used by successful family businesses as a diagnostic tool for evaluating individuals for leadership roles. View Video...
#6 The Four R's
The Four R's tangibly compliment the Four L's by helping to provide transparency and accountability around the roles members of the current and next generation play. The Four R's are Role, Requirement, Responsibility, and Remuneration. View Video...
#5 - The Four L's
There is a predictive evolution of how you learn family business - from apprenticeship to leadership to stewardship. This evolution fits into a simple, four-quadrant framework: The Four L's. View Video...
#4 - The Big Tent Approach
It is inevitable that members of the family enterprise will have different aspirations and contributions. Insightful leaders ensure that there are pathways for each member to prepare for and contribute to the enterprise in a meaningful way. This is known as The Big Tent Approach. View Video...
#3 - Governance Plan
As the Three Circle Framework evolves, managing this increasingly complex domain requires a governance system. View Video...
#2 - Continuity Plan
Planning is required to reduce the inevitable tension between each of the dyads represented in the Three-Circle Framework. View Video...
#1 - Three Circles Revisited
This well-known diagram demonstrates the family firm modeled as comprising three overlapping, interacting, and interdependent subsystems of family, managers, and owners. View Video...