Interest: Family Business
Industry:
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A wide range of movies, TV shows, TED Talks, magazines and case studies can help students connect family business theory with real-world situations.
Family businesses can innovate more effectively when their appetite for risk and tradition aligns with family cohesion and the diversity of family goals.
The family history of the acclaimed Manchester-based restaurant Sweet Mandarin, recounted in the owner's book, builds strong ties with customers and other stakeholders.
Tangible items like postcards, photos or old accounting books evoke stories that become part of a family's legacy, which can create good will with the outside world.