Borrowed from your grandchildren: resilience of 100-year family enterprises
Watch this insightful webinar recording with family business pioneer, Dennis Jaffe, where he will share insights from his new book “Borrowed From Your Grandchildren: Resilience of 100-Year Family Enterprise.” Family enterprises form the majority of businesses large and small in every country in the world. At the same time, few are able to sustain themselves with the same level of wealth and success even into their second generation and sustaining shared family wealth after the third generation is nearly improbable. Overcoming these challenges is the subject of this new book. As each generation of a family enterprise becomes larger and more complex, the book describes how the family must evolve through internal and external challenges to remain cohesive. In a time when there is much concern about the concentration of wealth in the hands of “the 1 percent,” this study adds to the dialogue. It shows how, in many successful family enterprises, business values and culture aren’t focused solely on generation of wealth, but on using resources responsibly.