Why does IMD support Family Business through the Award?

Family business presents some unique challenges because of the overlap between issues of family, ownership and management. At IMD we have worked with many great families over the last 20 years to address these challenges and help turn them into opportunities.

I would like to say a special thank you to all those families who have worked with us.

For IMD, family business is becoming ever more important as we globalize. Indeed, in many countries, it is absolutely critical to economic development.

And I believe there are lessons to be learnt by ALL businesses from successful family firms. They take the long view; they show responsible leadership - getting the right results, but getting the results in the right way. They demonstrate integrity, personal accountability, and trust. These values help to drive the long term success of ANY firm.

This is why IMD is so committed to helping family businesses and to providing the appropriate recognition to the best family firms around the world.