{"id":738,"date":"2022-12-14T08:05:19","date_gmt":"2022-12-14T07:05:19","guid":{"rendered":"https:\/\/blog.iese.edu\/family-business\/?p=738"},"modified":"2023-03-06T17:39:49","modified_gmt":"2023-03-06T16:39:49","slug":"5-strategies-for-a-new-model-of-family-business","status":"publish","type":"post","link":"https:\/\/blog.iese.edu\/family-business\/2022\/5-strategies-for-a-new-model-of-family-business\/","title":{"rendered":"5 strategies for a new model of family business"},"content":{"rendered":"<p>As Heraclitus said more than two millennia ago, <em>&#8220;Nothing is permanent except change,<\/em>&#8221; yet <strong>the very nature of change has shifted dramatically<\/strong> in today&#8217;s volatile, hyperconnected and fast-paced world.<\/p>\n<p>Family firms are generally <strong>better equipped to weather the storm<\/strong> thanks to their comparatively longer-term perspective and financial resilience. Yet <strong>other traits aren&#8217;t as positive<\/strong>, says thought leader and MIT lecturer <a href=\"https:\/\/johndavis.com\/\" target=\"_blank\" rel=\"noopener\"><strong>John A. Davis<\/strong><\/a>.<\/p>\n<p>In this HBR article, he <strong>outlines five essential strategies<\/strong> <strong>for a new model of family business<\/strong>, starting with <strong>&#8220;control less and collaborate more.&#8221;<\/strong><\/p>\n<h2><a href=\"https:\/\/hbr.org\/2022\/09\/transforming-a-family-business-in-turbulent-times\" target=\"_blank\" rel=\"noopener\"><span style=\"color: #ff0000\">Transforming a Family Business in Turbulent Times<\/span><\/a><\/h2>\n<p><em>Homepage image: <\/em><span class=\"rTNyH RZQOk\"><em><a href=\"https:\/\/unsplash.com\/@danmusat?utm_source=unsplash&amp;utm_medium=referral&amp;utm_content=creditCopyText\" target=\"_blank\" rel=\"noopener\">Dan Musat<\/a> on <\/em><em>Unsplash<\/em><\/span><\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>As Heraclitus said more than two millennia ago, &#8220;Nothing is permanent except change,&#8221; yet the very nature of change has shifted dramatically in today&#8217;s volatile, hyperconnected and fast-paced world. Family firms are generally better equipped to weather the storm thanks to their comparatively longer-term perspective and financial resilience. Yet other traits aren&#8217;t as positive, says [&hellip;]<\/p>\n","protected":false},"author":2313,"featured_media":741,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[352,117510],"tags":[12553,13840,73144],"class_list":["post-738","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","category-whats-new","tag-business-model","tag-change","tag-transformation"],"acf":[],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/blog.iese.edu\/family-business\/wp-json\/wp\/v2\/posts\/738","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/blog.iese.edu\/family-business\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blog.iese.edu\/family-business\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blog.iese.edu\/family-business\/wp-json\/wp\/v2\/users\/2313"}],"replies":[{"embeddable":true,"href":"https:\/\/blog.iese.edu\/family-business\/wp-json\/wp\/v2\/comments?post=738"}],"version-history":[{"count":8,"href":"https:\/\/blog.iese.edu\/family-business\/wp-json\/wp\/v2\/posts\/738\/revisions"}],"predecessor-version":[{"id":748,"href":"https:\/\/blog.iese.edu\/family-business\/wp-json\/wp\/v2\/posts\/738\/revisions\/748"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/blog.iese.edu\/family-business\/wp-json\/wp\/v2\/media\/741"}],"wp:attachment":[{"href":"https:\/\/blog.iese.edu\/family-business\/wp-json\/wp\/v2\/media?parent=738"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.iese.edu\/family-business\/wp-json\/wp\/v2\/categories?post=738"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.iese.edu\/family-business\/wp-json\/wp\/v2\/tags?post=738"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}