Peter Gumbel's opinion piece in the Time magazine on Benetton's unique business management was brilliant and insightful.
Generational shifts in family businesses are notoriously tricky. A rule of thumb is that only 1 in 3 family firms survives the transition from the founding generation to the next, and only 1 in 10 makes the jump successfully from the second to the third generation. The more numerous and distant the cousins involved, the harder the task of keeping them all in line — although sometimes the biggest problems come from the closest relatives.
- Peter Gumbel
Useful link:
www.benetton.com
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