Engaging the young in family business culture

Heads of family businesses must find new ways to engage with their children to help with the transition of values and knowledge Many family businesses today are struggling to ensure the transmission of family values to the next generation. “We live in the same house, but we barely talk to each other.” “How do we teach our children about what is right and what is wrong?” “So now I need help to talk to my son.” We hear similar complaints from many business families in the course of our academic work across India. With the diversion of the internet, the smartphone and Netflix,...

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