Lloyd Steier holds a research chair and is a professor in the department of strategic management and organisation at the University of Alberta School of Business. He is also the academic director of the Centre for Entrepreneurship and Family Enterprise and the Alberta Business Family Institute.
The perils of borrowing and lending are well documented, especially when it comes to family and friends. However, there are ways to do it successfully and encourage innovation – without endangering relationships. Lloyd Steier describes how to do it