More and more family businesses are bringing in non-family CEOs to help them grow and succeed. But creating the right environment for them to succeed in is tricky, as Andrew Keyt, Joe Astrachan and Tim Blumentritt discovered in a recent study.
Andrew Keyt is executive director of the Family Business Center at Loyola University Chicago.
Joe Astrachan is distinguished research fellow Loyola University Chicago and director of the Cox Family Enterprise Center, Kennesaw State University.