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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.

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Filed under: 'Ohana, Business

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