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Attracting and Retaining Top Talent in Family Businesses

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Family businesses are a cornerstone of the global economy, yet many face challenges in attracting and retaining external top executives. Perceptions of nepotism, limited career progression, and conservative cultures can undermine their ability to compete for talent. Perceptions and Realities Concerns about favoritism and restricted growth opportunities are common, as is the belief that family businesses shy away from risk and innovation. Governance is sometimes perceived as opaque, fueling further doubt. While some concerns [...]