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Practical Insights (Blog)

Recognizing the Importance of Culture in a Family-Owned Business

A tailored approach can help companies that are not used to working with consultants achieve transformational results without compromising their core philosophy and values.

In the world’s more developed markets, we often see fragmented ownership with families selling all or part of their business over time. Statistics from the Family Business Institute show that only one third of family-owned businesses last into a second generation of ownership, 12% to a third and just 3% to a fourth.

Topics: company culture