This questioned was raised and answered by two scholars of a University in Germany, who figured out that in order for a company to survive centuries they have to implement a strategic approach to family management. The requirments are basically to implement a family management, that makes sure all members of the family strive for the same goal: the benefit of the company. To insure this loyalty they provide financial and educational resources to all members. The study is not publicly available.
How do family run companies survice centuries? Not so hard after all…
July 2, 2007 · Leave a Comment
Categories: Family Businesses
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