Resilience of 100-Year Family Enterprises

Download or read book Resilience of 100-Year Family Enterprises written by Dennis Jaffe and published by . This book was released on 2018-05-11 with total page 94 pages. Available in PDF, EPUB and Kindle. Book excerpt: Successful family enterprises are incredible engines for generating wealth and expressing the owning family's values about business and the community. These values may be expressed through the quality of their goods and services, relationships with employees, business and community, and philanthropy. But only a small fraction of the families that create businesses are able to sustain them for more than a single generation. The few surviving enterprises are huge and have a powerful impact on the community, global commerce, and the environment. They also have a strong influence on family members and all those touched by the family's various enterprises.This paper describes the journey of long-term resilient families over three to more than six generations. These families pursue business opportunities together while passing their legacy values, culture and resources to each new generation. While few family enterprises reach this milestone, those that do amass impressive resources.