Family Businesses Are Here to Stay, And Thrive

What do Wal-Mart, Mars and Newscorp have in common? They're family businesses. Vikram Bhalla analyzes the unique strengths and weaknesses of family businesses today, contrasting them with the humble mom-and-pop store the term usually brings to mind. Vikram's research reveals that family businesses in emerging economies are the fastest-growing and most ambitious breed of companies in the world. He maps out some valuable lessons that these successful ventures can share for both family and traditional companies.