Hawai’i’s Shared Futures By Vision Foresight Strategy

Family Run Businesses

A recent BusinessWeek article covers the end of the world’s longest-lasting family-run business: Kongo Gumi, a Japanese temple builder that began in C.E. 578 and ended last year in 2006. The firm was lead by 40 generations over 14 centuries of business. The article comments on lessons to learn from their incredible longevity as well as their eventual closing.

For those interested in studies of family businesses, and particularly the challenges faced in passing leadership from one generation to the next, check out the book Succeeding Generations, by Ivan Lansberg.



Filed under: 'Ohana, Business

Leave a Reply

Please log in using one of these methods to post your comment:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: