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For generations to come: Applying concepts of circularity to governance and succession in family-owned firms

12 Jun 2024

Similar to any organisation, owners in family firms can have disagreements that stem from different views, personalities, interests and priorities. But unlike non-family firms, such disagreements in family firms can spillover from the business into the personal domain and vice versa. In the case of business-owning families, such dynamics can have long-lasting consequences not only to relationships but to the growth and health of the business. In Circular Economy Principles for Family Business and Wealth Stewardship, Kenneth Goh, Associate Professor of Strategy and Entrepreneurship (Education), and his co-authors highlight how the application of circularity principles to family governance can sustain the generational growth and success of family businesses. 

SMU City Perspectives