Subject category:
Entrepreneurship
Published by:
INSEAD
Version: 12.2016
Length: 72 pages
Data source: Published sources
Abstract
This is part of a case series. The study focuses on a select group of family-run firms that have each survived for more than two centuries. The 25 companies profiled in the collection thus qualify for membership of an association called the Henokiens, including a hostel in Japan that is has been in business for nearly 1,300 years. The analysis is built on four pillars: family assets, roadblocks, succession planning and innovation, and can be used in its entirely or in part. Taking a theoretical approach, the combined cases reveal the essence of why these enduring family firms have thrived for centuries, offering an alternative business model of leadership and longevity.
About
Abstract
This is part of a case series. The study focuses on a select group of family-run firms that have each survived for more than two centuries. The 25 companies profiled in the collection thus qualify for membership of an association called the Henokiens, including a hostel in Japan that is has been in business for nearly 1,300 years. The analysis is built on four pillars: family assets, roadblocks, succession planning and innovation, and can be used in its entirely or in part. Taking a theoretical approach, the combined cases reveal the essence of why these enduring family firms have thrived for centuries, offering an alternative business model of leadership and longevity.