Third generation Puig also talked about limiting the role of the family and the challenge of bringing the next generation into the business

Classical economics says that if a business doesn’t grow, it will die. But what does growth mean? Often for family businesses, it is non-monetary. 

Leadership style and communication are the keys to good family business culture, which in turn tend to lead to good successions, suggests new research. 

Families have a unique currency, but it must be nurtured and directed correctly to become a positive force, and not a destructive one.