What do Wal-Mart, Mars, and Newscorp have in common?

They’re family businesses.

In this TED talk, Vikram Bhalla analyzes the unique strengths and weaknesses of family businesses today, contrasting it with the humble mom-and-pop store the term usually brings to mind. Vikram’s research has revealed that family businesses in emerging economies are the fastest-growing, most ambitious breed of companies in the world. He extrapolates some valuable lessons that these successful ventures can share for both family and traditional companies.

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