Abstract
By now the reader will be aware that both authors are enthusiastic supporters of family enterprises and the role they play in society. This does not mean, however, that we are unaware of their weaknesses — and particularly their poor longevity record, which is in part due to the complexity of managing succession and designing an appropriate governance structure.
Riches are a good handmaid, but the worst mistress.
(Francis Bacon, 1560–1626)
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Notes
For a detailed description of this workshop, see A. G. Lank and F. Neubauer, ‘A Cousins’ Confederation as Enlightened Owners: A Case Study’, Family Business: Key Challenges II, Lausanne, IMD, 1996, pp. 26–8.
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© 1998 Fred Neubauer and Alden G. Lank
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Neubauer, F., Lank, A.G. (1998). Epilogue: Enlightened Ownership of Family Enterprises. In: The Family Business. Palgrave Macmillan, London. https://doi.org/10.1007/978-1-349-14465-5_11
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DOI: https://doi.org/10.1007/978-1-349-14465-5_11
Publisher Name: Palgrave Macmillan, London
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