Summary of Does Technology Make or Break the Family Business?
The family business is the world’s most common business model. But is it a blessing or a curse?
Ramia El Agamy, editor-in-chief of a specialist publication on family businesses, is passionate about her mission to support family-owned enterprises. She explores the weaknesses inherent in family businesses and investigates how those weaknesses can also be strengths. New technologies, perhaps feared by the older generation, can entice the younger generation to carry on building the business. Although lacking case studies that could provide powerful illustration, getAbstract believes El Agamy’s talk provides much food for thought to be shared at the family table.
In this summary, you will learn
- What characteristics the family business embodies
- Why every family business is unique
- Why new technologies are critical to family businesses