Family-owned businesses are the backbone of the economies of Latin America and of most other emerging markets. But many such businesses are finding it hard to compete with the global scale, focused strategies, cutting-edge management practices, and deep pockets of multinational companies. The take-away: To survive and thrive, family-owned businesses need governance models that can prevent family squabbles from spilling over into the business while helping it to recruit management talent capable of negotiating a smooth succession of power across generations.
Content: Article
Authors: Heinz-Peter Elstrodt, Jose M. Barra, Luis F. Andrade
Source: McKinsey Quarterly
Subject: International – Americas
Authors: Heinz-Peter Elstrodt, Jose M. Barra, Luis F. Andrade
Source: McKinsey Quarterly
Subject: International – Americas
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