Another good read and confirmation that for family firms to be successful and sustainable they need a family business leader that can drive change, innovate and adapt, making sure that the firm remains relevant.

The story of the Bancroft family reinforces the need for family harmony, shared vision and the need to retain family values that help to determine the very essence of what the business is all about.  Family unity is key and an essential element for creating a long and enduring, sustainable business too.