Longevity: It’s what most business-owning families hope to achieve. Founders want to create a long-lasting business for future generations, and next generations want to continue (and often improve) what the predecessors built. How a family achieves longevity is the age-old question. In this case, look to Japan as an example.
Japan is “home to more centenarian businesses than any other country,” writes Professor Peter Vogel. And most of those businesses? They’re still under founding-family control.
The secret to longevity—at least based on the longevity of Japan’s business-owning families—is not what you would expect.
Read about longevity, and Japanese business’ secret to it, in this article.
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