Summary: Managing for the Long Run

Exploring the strategies of successful family businesses, this summary highlights lessons in achieving sustainable competitive advantage. It delves into how these enterprises balance tradition with innovation, emphasizing the importance of values, governance, and long-term planning. The authors provide insights into leadership dynamics and the unique challenges faced by family-owned companies, offering practical advice for fostering resilience and growth. This guide serves as a valuable resource for both family business leaders and aspiring entrepreneurs.