A family company, like a bonsai, takes ongoing care, endurance, and trimming to strike a balance between tradition (roots) and adaptation (growth). While its form is determined by several generations, bad succession (inappropriate pruning) might hinder or destroy it. A successful company like Ford, for example, has grown in a controlled manner, with consistent care and shared goals (Ford, 2025).
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Family Business Labs
"The Successor's Paradox"
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