Beruflich Dokumente
Kultur Dokumente
Successes and
Failures
Joachim Schwass
Professor of Family Business
and Entrepreneurship
Director of the IMD Global
Family Business Center
amily businesses are widely seen as the backbone of the economy they create wealth, they provide
jobs, they are locally rooted and connected to their communities and they seem to be around for long
periods of time. Yet, despite the many positive aspects of family businesses, there is also a darker side.
Family conflicts, incompetent members of the next generation and flamboyant lifestyles are just some of
the more frequent criticisms about family businesses.
At IMD, the Lausanne-based business school, we
assume control.
A structured approach to
understanding family businesses
of BUSINESS.
It
is
important
firstly
to
understand
future generations.
by the family!
and
active
ownership
(Board
of
Generational transition:
The biggest conflict
succession.
comprehensively
It
is
statistically
preparing
for
proven
that
generational
governance structure.
Figure 3.
understanding
the
business
and
industry
Family
businesses
outperform
any
have
other
the
form
potential
of
to
business
Related Program:
Leading the Family Business (LFB) helps family businesses to better
understand and manage their specific and inherent challenges by sharing
experiences and benchmarking success with other family firms:
Navigate specific challenges and critical issues in your family business
Probe key issues facing family businesses: growth, governance,
succession and culture
Benchmark best practices to broaden your understanding of successful
family businesses
Get concrete take-home value to drive overall performance
www.imd.org/lfb
Photography: Yves Ryncki, Lionel Flusin, Jean Scheim (Black & White), Rgis Colombo and Oliver OHanlon IMD 2012
IMD, IMD INTERNATIONAL and IMDINTERNATIONAL REAL WORLD. REALLEARNING are trademarks of IMD International Institute for Management Development.
Follow us on
2013 IMD International Institute for Management Development. No part of this publication may be reproduced,
stored in a retrieval system or transmitted in any form or by any means without the permission of IMD.