How leadership strategies impact the family business mean different things to different people. For example if you are part of the senior generation you most likely consider excellent family business leadership strategies in the context of conserving wealth and not taking unnecessary risks in order to grow the business. However the younger generation often see the challenges of the future quite differently, and might even consider their older relatives ideas about leadership as behind the times. Companies, especially family owned businesses - with several generations involved in the operation simultaneously, have to sit down and talk openly about leadership related issues regardless of their personal preferences, and carve out sustainable leadership strategies to guide the business forward.
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