No business remains the same after a 100-year journey. Every long-lasting family enterprise learns how to navigate developmental and business crises as it crosses generations.
Dennis' paper presents the business journeys of the nearly 100 long-lasting families in our study.
Their resilience stems from continual innovation and transformation. We look at their major transformations—harvesting, pruning, diversifying and grounding—and at how the family is able to build an adaptive, sustainable culture.
This was an interview originally recorded for The FFI who have very kindly allowed me to use it here - enjoy!
You can find out more about Dennis' work here: http://dennisjaffe.com/
And you can buy a copy of the study here: http://dennisjaffe.com/publications/