The Two Sides of the Business Family

Maintaining decision-making ability across generations in family businesses is a complex challenge that intertwines family dynamics with business governance. The authors draw from a unique research project involving family managers from eleven long-established German family businesses, emphasizing a collaborative "learning journey" over three years. They identify twelve core questions these families navigated to balance familial and business identities. The book highlights that there are no definitive answers; success lies in engaging families to discover their own pathways while recognizing the distinct roles of family and business.