The concern family businesses have about retaining family management is
that there may be a lack of innovation with the successors.
This is because all individuals have their respective interest, passion and
knowledge about certain things. The family member who set it up had
interest in the field which led to the establishment of the company.
When the individuals who are to take over have a different interest to what's
applicable then there will be a lack of innovation which is vital in promoting
the company's growth.
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