What Role Should a Family Business Play in Its Community?

By Patricia M. Angus, published in Harvard Business Review, February 06, 2020

As a family business leader, you must ask: what is your understanding of the “social contract” today, in 2020? How do the family and other stakeholders view the multiple roles of the family business in the community? What is the proper balance of the three sectors? The future of not just your family business, but of society as a whole, is at stake.