There are always issues which have been swept under the carpet due to lack of time or inclination, or perhaps both. This is a good time to revisit those and clear them up.
Family businesses have traditionally been the slowest to transform, but this experience should help them shed their reluctance towards change and keep up with the times.
Even though daughters may prove their worth, the onus of taking family businesses forward still lies with a male heir. And in the absence of a son, the son-in-law is co-opted for this purpose.
For women in business families, even higher education is discouraged as finding equally educated grooms is considered a challenge.
Having a coach was once a sign of weakness in business. But now it is like an athlete using a trainer
When the family consider it a privilege, their attitude is that of reverence and respect.
Companies need to find ways to re-purpose their existing capabilities to compete in the new environment.
Two pairs of millennial siblings tell us how they are prepared to deal with conflict at work
Smarter joint families are realising that it makes more sense to split up, if only to preserve the family wealth and relationships, regardless of what the society thinks.
Family offices can help to keep track and grow the wealth of family businesses