Family businesses & innovation
What image do you have of family businesses?
Did you know that they represent around 80% of South African businesses and that they are particularly gifted for innovation?
Family businesses have got particularly strong intrinsic assets to make innovation grow and become a true mindset: the family capital represents a solid bedrock for collective motivation, shared knowledge and shared sense of purpose. Information is known to flow easier in family businesses, decision-making is faster, and flexibility is balanced with long-term vision…
Read more on this topic in our book on South African family businesses « Embracing paradoxes in South African family businesses », published by Porcupine Press in October 2017.