Running a family business: Building on what runs in the family

Creating and preserving a family legacy is not just about giving future generations a free pass to inherit family fortunes. As each family is unique, they face different issues and challenges. Furthermore, true family legacy goes beyond money. It is also about reputation, beliefs, values and attitud...

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Bibliographic Details
Main Author: Knowledge@SMU
Format: text
Language:English
Published: Institutional Knowledge at Singapore Management University 2011
Subjects:
Online Access:https://ink.library.smu.edu.sg/ksmu/376
https://ink.library.smu.edu.sg/cgi/viewcontent.cgi?article=1375&context=ksmu
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Institution: Singapore Management University
Language: English
Description
Summary:Creating and preserving a family legacy is not just about giving future generations a free pass to inherit family fortunes. As each family is unique, they face different issues and challenges. Furthermore, true family legacy goes beyond money. It is also about reputation, beliefs, values and attitudes. In their book, 'Family Legacy and Leadership: Preserving True Family Wealth in Challenging Times', authors Mark Haynes Daniell and Sara Hamilton explain how families can build enduring legacies based on "true wealth".