15 Aug '11, 6am

How family businesses can expand beyond their castle walls

How family businesses can expand beyond their castle walls

How family businesses can expand beyond their castle walls August 15, 2011 by Terence LEE You know how the story goes: A wise king once built his glorious empire to great heights, only for it to be torn to shreds later by an inept son. Eventually the empire eventually gets swallowed up by a rival kingdom — no happy ending here. What applied to the Ancient Romans, Greeks, and Egyptians is also relevant to family businesses today. Parents build their businesses from nothing, hoping that eventually the second and third generation would be able to carry it forward and expand the castle. These were some of the things discussed at a recent CEO Leadership Exchange Series , organized by the UOB-SMU Entrepreneurship Alliance on July 28 at the Singapore Management University. I gleaned some lessons from the event that can be applied to your own family business. The 2nd generation ne...

Full article: http://sgentrepreneurs.com/toolkit/2011/08/15/how-family-...

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How family biz can expand beyond their castle walls

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