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From Windsors to Kochs and Tatas, 5 rules for family businesses to thrive

Family companies are repositories of family traditions and family loyalties

Kochs
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Photo: Bloomberg

Adrian Wooldridge | Bloomberg
Nobody does dynasty better than the British royal family. The recent days of pomp and circumstance have not only been a celebration of a life well lived. They have been a celebration of the power of the family to transcend death and to link the past to the present and thence to the future. Individual monarchs may die. The institution lives on because of the fusion of biological and social inheritance. The Queen is dead. Long live the King!
 
It is easy, particularly after watching days of soldiers in red jackets and bearskins, marching bands and union flags,