Precious metals trader Heraeus is no stranger to change, but the internal and external challenges of the next year will provide the 153-year old company with its most potent opportunity to shine
Melanie Stern is Section Editor of Families in Business magazine.
Precious metals trader Heraeus is no stranger to change, but the internal and external challenges of the next year will provide the 153-year old company with its most potent opportunity to shine
Germany has lagged behind other European countries in its treatment of family businesses. Perhaps if there were less confusion with the definition of a family business, their renaissance could further flourish
Peter May advises family businesses in conceptual issues. He is Professor of 'Mittelstand' Business Studies at FHDW in Bergisch Gladbach and founder of the INTES Academy for Family Businesses and the INTES Advisory Services for Family Businesses in Bonn, Germany.
Germany has lagged behind other European countries in its treatment of family businesses. Perhaps if there were less confusion with the definition of a family business, their renaissance could further flourish
Sabine Klein is Research Fellow, Family Firm Initiative at INSEAD, Fontainebleu, France; lecturer, Trier University, Germany; and Associate of The Family Business Consulting Group.
