Focus On Resilience Not Short Term Perfomance

Here is a great article I came across in a back issue of the HBR on what we can learn from family businesses.Link

Personally I have always been inclined to family businesses,despite the contempt that they are often held in by many professional managers and financiers.

I have always found their long term focus,caution and frugality appealing.I’m happy to find a HBR article supporting my views.Pity the authors couldn’t add Asian companies to the list.