The Three Different Flavors of Family Businesses
Trump said that The individual culture says, ‘Go off on your own.’ The harmony culture says, ‘You
have an obligation, if you’re called by the family.’ The honor culture would say, ‘You’d bett
All three cultures, as Dr. Jaffe and Dr. Grubman see them, are valid ways to run family businesses.
As these psychologists explain in their book, "Cross Cultures: How Global Families Negotiate Change Across Generations," an appreciation of these three paradigms can help ease the dynamics between older
and younger generations, who may have grown up in different cultural milieus, and between business partners from different parts of the world.
" Dr. Jaffe said. that The fear was, if they work together, the thing will decay,
" Dr. Jaffe said. that The easiest mechanism to keep things organized is a very small group,
Grubman said that The relevance of this is when you have family enterprises around the world,
and they grow out of places like Greece or Brazil or Dubai,
