When Being a Family Business Becomes a Competitive Advantage

Family business leaders often feel pressure to “professionalize” their businesses, adopting the structures and behaviors of non-family corporations. However, when they push this too far, they can inadvertently destroy their most distinctive competitive advantages: Trust, long-term commitment, and multigenerational relationships that naturally arise between family-run businesses. What researchers call familiness is frequently underestimated or treated…

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India wants five big airlines — but even two are barely staying afloat

‘This report is from this week’s CNBC’s “Inside India” newsletter which brings you timely, insightful news and market commentary on the emerging powerhouse. Subscribe here. The big story Last month, Indian airports descended into chaos as hundreds of flights were cancelled by the country’s largest airline, Indigo, upending travel plans for thousands of passengers. Its closest…

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