Latest / Family Business Stories with Fexingo: Succession, Legacy, and Multi-Generational Companies
The Silent Killer of Family Business Growth
Most family firms fail not because of bad strategy, but because of emotional debt. In this episode, we examine the specific case of the Mars family and how their refusal to professionalize governance led to a twenty-year stagnation in innovation. We break down the difference between loyalty and competence, why hiring outsiders is often the only way to break generational inertia, and how one simple change in board composition can save a dynasty. If you are running a multi-generational company, this might be the wake-up call you need.
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The skinny
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