Faculty Column: Rediscovering the value of patient family ownership

By Ernesto Poza What do Hallmark Cards, Grupo Bimbo and Cemex (Mexico), Hermès (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 […]