The world's oldest family businesses are very successful in terms of longevity and resilience, but most are still competing effectively today despite rapid change
From the analysis of their websites discuss the reasons for their long-lived success.
- 21 pages
- English
- PDF
- Available on iOS & Android
The world's oldest family businesses are very successful in terms of longevity and resilience, but most are still competing effectively today despite rapid change
From the analysis of their websites discuss the reasons for their long-lived success.
About this book
Essay from the year 2012 in the subject Business economics - Business Management, Corporate Governance, grade: 1, 3, University of Edinburgh (Business School ), language: English, abstract: The reasons of the successful longevity of many family businesses compared to the short life span of others are not far different from the reasons that glue together family members in a tied long-term relationship. In fact, especially after some generations, when the numbers of members would grow, blood linkages are not enough to guarantee the continuity of the relationship among family members. What makes family relationship last longer are shared values and sense of belonging. In our analysis of three well-established companies, Arco, Musgrave group and Berry Bro & Rudd Limited, we noticed that also family companies' longevity secret lies in these same principles that maintain together family members through different generations. Adopting family values and extending them to the company culture will determine the long-term survival of family relationship with the business. In the three companies we examined the internal understanding of family's values appear to define the entire organization's behaviours.
Frequently asked questions
- Essential is ideal for learners and professionals who enjoy exploring a wide range of subjects. Access the Essential Library with 800,000+ trusted titles and best-sellers across business, personal growth, and the humanities. Includes unlimited reading time and Standard Read Aloud voice.
- Complete: Perfect for advanced learners and researchers needing full, unrestricted access. Unlock 1.4M+ books across hundreds of subjects, including academic and specialized titles. The Complete Plan also includes advanced features like Premium Read Aloud and Research Assistant.
Please note we cannot support devices running on iOS 13 and Android 7 or earlier. Learn more about using the app.