Tradition and innovation: the paradox powering family business
Tradition is defined as the transmission of customs or beliefs from generation to generation. Innovation is the process of changing something established by introducing new methods...
Family business
Managing multiple role identities in the family enterprise ecosystem
The survival of family businesses is at stake due to inadequate board management and the difficulties faced by leaders of family businesses in juggling various roles....
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Keeping business and family in balance to create a multigenerational enterprise
In conversation with IMD's Peter Vogel, Bruce Grossman, a fourth-generation family business owner, discusses his achievements and shortcomings in creating frameworks to unite the family business....
The Carvajal family on creating centuries-long success over six generations ā and counting
Cristina Carvajal, President of one of Latin Americaās most respected family enterprises, discusses the benefits of having a family member as the CEO of the family business....
How private and family-owned businesses can lead the way in building stakeholder valueĀ Ā
Nine out of every ten employees globally work for a private business, and their capitalization and turnover dwarf those of list companies ā but their challenge for the future is not only...
Why a family charter can āminimize misunderstandingā
Fourth-generation family members Datoā Yong Yoon Li, the Managing Director, and Chen Tien Yue, the Executive Director, explain how drafting a āfamily charterā and creating opportunities for social bonding has helped Royal...
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