Build a Family Business That Lasts

hbr.org

Judging from how they’re portrayed in the media, it would be easy to dismiss family businesses as hotbeds of power-playing, backstabbing, and favor-currying, ultimately destined to fail; think of the Murdochs and News Corp, or the Redstones and National Amusements, to name just two. But many family businesses have enjoyed success for decades, even centuries.

The authors explore five aspects of ownership that are crucial to whether a family business thrives or perishes.

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