A 161-year-old Australian footwear maker - Baxter Footwear - shares their experiences to thriving despite the high dollar and almost zero tariff protection. And it has survived the challenges of succession and is being run by the fourth generation of the same family.
When an entrepreneur's daughters took control of his business, fear of failure was a great motivator. But deciding who did what was the hard part.
When a small-town family bakery grew into a national food giant, everyone’s roles - from the CEO down - had to change and grow. That was hard.
Many family businesses fail at the second generation. But Hardings Hardware has made itself into an award-winner.
The Kikkoman Corporation is one of Japan's oldest firms and a global leader in sale of shoyu or natural soy sauce. The company was established around 1660 and spans some 19 generations. Four phases of organisational change and development characterise the family and the firm.
Issues of leadership, succession, workplace relationships, communication and change can take on added intensity when they involve people linked by blood as well as business.
If staff are given real responsibilities, they start to feel responsible for the success of the business too.
Family businesses shouldn't be sheltered workshops for family members. Donelly Group chairman Bruce Donelly explains how to keep up performance standards.
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