Jul 19, 2021
As part of the series on family business, I invited Kimberly Eddleston to be on this show. She is recognized as a leading scholar of entrepreneurship by the Schulze Family Foundation that awarded her the nationally recognized Schulze Distinguished Professorship. She also serves as an Academic Scholar at Cornell University Smith Family Business Initiative. Her research focuses on family businesses and the careers of entrepreneurs. She is particularly known for her research that explores how the family can be a resource or constraint to the family business and how family businesses can remain innovative through generations.
She has assisted more than 150 businesses to date and also had involvement in her own family's businesses. She is someone that has the educational background, real world experience and professional experience serving other families. She has all the vantage points. We talk about what holds families back in transitioning generations, the importance of how we ready family members to be the backbone of the family, how who we are as a family impacts the business, and many other things. This is an episode you will want to listen to more than once.
What you’ll learn in this episode:
Resources:
Bio:
Kimberly Eddleston is recognized as a leading scholar of entrepreneurship by the Schulze Family Foundation that awarded her the nationally recognized Schulze Distinguished Professorship. She also serves as an Academic Scholar at Cornell University Smith Family Business Initiative. Her research focuses on family businesses and the careers of entrepreneurs. She is particularly known for her research that explores how the family can be a resource or constraint to the family business (i.e. The Fredo Effect) and how family businesses can remain innovative through generations. She has extensive experience working with family businesses in the U.S. and abroad and is routinely invited to present at family business events for executives as well as academics. Professor Eddleston grew up working for several of her family's businesses and remains an active stakeholder.
Audiogram:
25:34 who does it mean to be an eddleston - 26:00 envision working together
29:00 as soon as you talk about succession - 29:50 that family business often are