Despite predictions that family businesses would wane, families with a plan prosper

The Economist’s special report on family businesses at the global economic level confirms what we are seeing at the local level: family-owned businesses are not condemned to flounder after the first generation of owners and clients have faded from prominence.

Family companies’ sense of ownership gets round two of the most troubling defects of modern capitalism: short-termism and the so-called agency problem

This week’s issue contains several analytical articles on the topic worthy of consideration and here is a fascinating overview.