Spirit of Enterprise The wisest business-owning families exemplify what…
Spirit of Enterprise The wisest business-owning families exemplify what I view as a "spirit of enterprise." They are open and flexible about the very definition of their business. Instead of saying they're in the business of making typewriters or mimeograph machines, they say, "We're in the business of business." This enables them, by the third stage, to be open-minded and relatively objective about the possibility that they may have to close down the company's first plant or drop the original product because it doesn't make sense anymore.
— from Expanding Your Range (Growth/Change/Education/Learning/Habit) · Perpetuating the Family Business: 50 Lessons Learned from Long-Lasting Successful Families
Also belongs to
- Failure & Resilience (Challenge/Failure/Perseverance/Accountability/Flexibility/Resilience)
- Leadership & Business (Leadership/Business)