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.
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© 2005 Joachim Schwass
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Schwass, J. (2005). The “Wise Growth” Strategy. In: Wise Growth Strategies in Leading Family Businesses. Palgrave Macmillan, London. https://doi.org/10.1057/9780230513358_5
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DOI: https://doi.org/10.1057/9780230513358_5
Publisher Name: Palgrave Macmillan, London
Print ISBN: 978-1-349-54431-8
Online ISBN: 978-0-230-51335-8
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