What do Wal-Mart, Mars, and Newscorp have in common?
They’re family businesses. Vikram Bhalla analyses the unique strengths and weaknesses of family businesses today, contrasting it with the humble mom-and-pop store the term usually brings to mind.
ikram’s research has revealed that family businesses in emerging economies are the fastest-growing, most ambitious breed of companies in the world. He extrapolates some valuable lessons that these successful ventures can share for both family and traditional companies.