On the first day of class in Management Strategies and Practices of Family-Controlled Companies, our lecturer, William Alexander, kicked-off the discussion by asking, “Why are family businesses so important to study?” A student astutely responded that approximately one-third of all companies in the S&P 500 index are family-controlled. Beyond the S&P, family businesses make up more than 90% of all companies worldwide, and many of them are actively outperforming their non-family-controlled competitors. Clearly, something is to be learned from these family businesses, some of which have been passed down from one generation to the next for hundreds of years!
To read the original article: Why Are Family Businesses So Important to Study? | Entrepreneurship Blog
