Mechanisms to Assure Long-Term Family Business Survival: A Study of the Dynamics of Cohesion in Multigenerational Family Business Families

The business world is dominated by family businesses of all sizes. Economies and societies depend on them. One tremendous advantage is that they focus on sustainability, long—term business and community support, and survival. Answering the question of how they survive intact and how families can maintain family unity over hundreds of years is essential. To answer this question, interviews with seven multi—century, large multigenerational family businesses from Germany were undertaken to unc...