Millennials work harder and more successfully to expand their family firm globally if their CEO is a fellow millennial and is not a family member.
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Even as more women step into leadership roles at family firms, long-held attitudes and practices may prevent the business from realizing all the benefits they can bring.
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Business thinking is rational and economic; families are highly emotional. Chaos can result when the two realms intermingle, but it can be minimized.
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Pushing into new markets across geographic borders requires a family business to be more focused on possibilities…and this is where boards can make the difference.
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