Include the Extended Family in Your Ownership Strategy

The article „Include the Extended Family in Your Ownership Strategy“ by Dr. Claudia Binz Astrachan and Prof. Dr. Tom Rüsen emphasizes the importance of a comprehensive ownership strategy for family businesses. Instead of focusing solely on current owners, the strategy should also involve the extended family. Based on experiences with centuries-old family businesses in Germany, the article demonstrates that the long-term success of a family business can only be secured if the entire family is included in strategic decisions. The focus is not on legal agreements, but on the process of family involvement, which strengthens cohesion and promotes a sustainable future for the business.