A great piece with three inspiring family business stories and the age old question what makes for success going forward?
Heritage and history are great in terms of the story for the here and now but the future lies in the business and the ability to innovate and remain current whilst attracting the right team to drive the business forward and they may be family members but in many cases they may not...
Creativity is at the core of an entrepreneurial style culture and is a swing right back to what inspired the original founders to create these companies in the first place. This leads to the basic question as how to explain the success of family businesses that make it to the third generation and beyond. Is it tradition and the desire to live up to and continue the family name? Or is it the ability to adapt the original family values to continue a company where family members will want to work?
http://www.industryweek.com/leadership/family-business-tradition-or-superior-vision
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