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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.
The COVID-19 pandemic forced six German family firms to reckon with their identities, positioning and strategies -- and transform themselves for the better.
The goals of the family and the business are often at odds. Family history can inspire bold and necessary steps that are still in harmony with the family’s image of itself.
‘ESG is an existential issue. Businesses that don’t demonstrate their commitment to sustainable practices could be punished by consumers, the media and even regulators.’
Mentoring plays a huge role in shaping how the next generation views the role of family business leader, a study in China shows.