In any family business, with the next generation begins to take the reins, a fresh flow of ideas and innovation is bound to take place. Over time in any family business, the growth ambitions need to change from thinking and acting like a small, regional company to a large, globally-focused company. Ofcourse, there are various differences and comfort levels around risk, which need to be ironed out. With a rapidly changing world, Gen Next needs different leadership skills to run a family business in a different economic climate which is more global and technologically advanced than their previous ones.
