Families change over time. And so do businesses. But when it comes to a family-run business, professional and personal lines tend to get blurred. For Adi Godrej of the Godrej Group, the distinction is clear: in a family business, business takes precedence.read more
Every leader surrounds themselves with advisors. We have all had mentors throughout our lives whose lessons have given us our ethics, values and acumen. Whether it be a parent, teacher, clergy or Dutch Uncle, our mentors have shaped our abilities to think, reason and solve.
There are seven distinct leadership and organizational traits that are key to the resilience of family businesses, according to a study by the Stewardship Asia Center.
Helping local family businesses address challenges was a major reason Dave Robertson got involved with the Family Enterprise Center at the University of Arkansas at Fort Smith nine years ago.
Why would a family business not want the benefit of an independent director who might bring insight, perspective, varied experiences, and a wide range of contacts that could help propel the business?