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Governance

In the last issue, Kelin Gersick described the differences between the ‘pyramid’ view, emphasising the generational expansion of one family, and the ‘network’ view, focusing on the complex relationships among the multiple units of an extended family. Part II of this article explores the implications of that developmental model for the critical tasks of governance and continuity

I was talking recentlyto the Chairman of a financial services organisation, telling him about my interest in family business and my desire to establish a new international centre for the study of leadership in family firms at London Business School.

Family businesses have special traits that allow them to follow different, unconventional business strategies to those pursued by non-family firms – the advantages of trust within the business, ownership commitment and a longer term view all contribute to their strategic success

Swiss family businesses are focused on the relevant business and corporate issues that need to be addressed for future success but fare less well on the emotional issues such as succession

A new generation of skilled entrepreneurs and the instability of industry within the public sector brought about a serious rethinking regarding the potential of privately-owned businesses in India

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