Category Archives: Family Businesses

How do family run companies survice centuries? Not so hard after all…

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.