All in the familiaFamily-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. McKinsey Quarterly reports
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.
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Taken from The McKinsey Quarterly, 2001 Number 4
The McKinsey Quarterly, a journal in print and online from McKinsey & Company, featuring the latest thinking on business strategy, finance and management.Copyright © 1992-2001 McKinsey & Company, Inc
Article is in the following categories:
Knowledge Bank» Country Focus» Latin America
Knowledge Bank» Country Focus» Latin America
