This episode of Conversations with Women in Family Business is co-produced with Amy Katz, founder of coaching-business Daughters in Charge.read more
Despite being the most popular basketball organization in the world, the Los Angeles Lakers are, for all intents and purposes, a giant mom and pop shop. The team was purchased by Dr. Jerry Buss in 1979, and since then, it has been run by Dr. Buss and his family.
The best question might not be, “Is she right for the job?” But instead, “When can she start?”
Family businesses are not an anachronism, and they may not be all that patriarchal. Recent research shows that women hold powerful hidden roles in family firms, and have done so for many years in some cases.
Women often take less formal roles in family firms as mediators, supporters and advisors, but research shows that this involvement is nevertheless critical to the ongoing success of both firms and families.