Summary
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We are now living in a world of constant change and disruption. We can either see the world as a hurdle to or a limitless resource to engage, stimulate, and cultivate our imagination. In a globally networked world, information is getting easier and easier to access. What you actually do with that information is the new challenge. Leaders do the thinking and others execute.
Family Firm Scion: Learning in the Family Business
Family Firm Scion: Learning in the Family Business
The pessimist complaints about the wind, the optimist expects it to change, the realist adjusts the sail.
—William A. Ward
It is generally assumed that in a fast-moving VUCA (volatility, uncertainty, complexity, ambiguity) environment, family businesses would have difficulty in sustaining their survival and growth, but we believe that wanting the business to succeed in the long run makes it easier for family enterprises to leave aside strategy which offers short-term gains.
Many professional CEOs, heading such giants as BP and Rio Tinto, have delivered long-term blow to their companies by focusing on short-term objectives which is generally linked to their bonus. Tony Hayward at BP, in his speed to take ...