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(From The Nation (Thailand))
Byline: The Nation.
Unique strategies for family firms
The rapidly changing and highly competitive business environment presents many strategic challenges to every company. Clayton Hebbard discusses which ones are most suited to a family business and its unique culture.
Strategies for family firms, unlike those of other businesses, can and should incorporate family factors. Family goals, needs, relationships and structure impact on the business and its strategic direction.
Family factors can build the business or sap its strength. Properly integrated, strategic planning for the family and the business can be a powerful …