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Working for Family Businesses - Part 1 -The StoneWood Perspective
It is the dominant form of business structure worldwide From farmers to small mom-and-pop shops to one-third of Fortune 500 businesses, estimates are that over 80% of businesses are family-owned or controlled,. These include global icons such as Michelin, IKEA, Tata, Ford, Roche, Henkel, Heineken, Cargill, Mars, Bacardi’s, Wal-Mart, Samsung, Bosch, and countless others.
Family business leaders are often the best and brightest executives in their industries. They run professional, innovative, aggressive companies that expand the horizons of innovation, productivity and efficiency. Some observers believe that family firms, with their lower leverage, long-term approach and loyalty to employees point the way to a more stable kind of capitalism in the future.