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The “Wise Growth” Strategy

  • Joachim Schwass

Abstract

As shown in the preceding chapter, most successors attempt to achieve recognition as fast as possible, and they focus on business strategies before having transitioned through a development process as described earlier. The best practices learned from the award-winning family businesses highlight that business growth should be wisely constructed on the achievements, values and traditions of previous generations. Growth should not be undertaken at any cost. Evolutionary “wise growth” is more effective for family businesses than revolutionary growth. This is particularly true for those that are mindful of their traditions.

Keywords

Family Business Growth Strategy Business Growth Award Winner Unrelated Diversification 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

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Copyright information

© Joachim Schwass 2005

Authors and Affiliations

  • Joachim Schwass

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