A grave matter for family businesses

Family business founders often want their ideas to last for generations. Indeed, the legacies of some leaders are so strong that they end up controlling their companies from beyond the grave. Such a strong legacy can have benefits, but it can also have truly terrible consequences. Continue reading

Can family businesses take hold in Russia?

Can former communist economies develop strong family business sectors? So far, there is no clear answer. In some ex-Soviet countries, there appears to be a strong dynastic will, or desire to pass a business on down the generations, among entrepreneurs, but in others this is less apparent.

Historically, Russia has been a place where money can be earned rapidly and entrepreneurs enjoy a lot of opportunities. Nevertheless, most of these entrepreneurs are focused on building their businesses and do not think about succession. Continue reading