Faculty Column: Rediscovering the value of patient family ownership

By Ernesto Poza What do Hallmark Cards, Grupo Bimbo and Cemex (Mexico), Herm├Ęs (France), Ferragamo (Italy), BMW (Germany), LG Electronics (Korea), Reliance Industries (India), and Zara (Spain) have in common? For one thing, they are all family-owned or family-controlled businesses. Companies with proud entrepreneurial traditions that confound management experts by continuing to enjoy success after […]