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Selected Case

published: 15 Dec 2016

  • Topic: Family Business
  • Region: Global

Abstract:
The study focuses on a select group of family-run firms that have each survived for more than two centuries. The 25 companies profiled in the collection thus qualify for membership of an association called the Hénokiens, including a hostel in Japan that is has been in business for nearly 1,300 years. The analysis is built on four pillars: family assets, roadblocks, succession planning and innovation, and can be used in its entirely or in part. Taking a theoretical approach, the combined cases reveal the essence of why these enduring family firms have thrived for centuries, offering an alternative business model of leadership and longevity.

Pedagogical Objectives:
i) To evaluate the important role played by long-living families in building a multi-generational business. ii) To understand the assets that these families contribute to their firms, the various obstacles faced over the centuries and different ways that they have overcome them. iii) To learn about family succession and the dangers and opportunities presented by the growth in family numbers. The study also uncovers various kinds of innovative activities and entrepreneurial roles in family businesses.

Keywords:
Hénokiens, Family Business, Family Assets, Family Roadblocks, Family Succession, Family Innovation, Multigeneration, Next Generation, Strategy and General Management


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