Boards of directors can help businesses succeed--yet many family businesses do not have functioning boards of directors that play a valuable role in providing oversight to their businesses. Here, the authors show why private firms need the in-depth expertise and objective feedback that a...

This paper addresses the question of when market leaders are most likely to be attacked. It does so by discussing the circumstances associated with competitors' attacks on 21 market leaders. These circumstances and the 21 competitive encounters are used to present a twelve‐point checklist...

Can small‐share firms step out of the shadow of the market leader? Yes. Here is how to evaluate a strategy's potential success.