Family businesses need to follow a differentiated path to institutionalize and be positioned for the future
· Family businesses are threatened by rapidly changing internal and external environments · Study by Strategy& (formerly Booz & Company) stresses the need for family businesses to identify priority areas for action to institutionalize and adapt · Strategy& suggests three focus areas for institutionalization: governance, strategy and corporate enablers · Although each family business has unique features, Strategy& has identified four archetypes of family […]