Family businesses are here to stay, and thrive

What do Wal-Mart, Mars, and Newscorp have in common? They’re family businesses. 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. TED@BCG was a TED-curated event featuring a diverse group of speakers from across the BCG community. Jointly produced by TED and BCG, the event put a spotlight on ideas, projects and insights that will contribute to the pursuit of growing ever onward and upward. About the TED Institute: We know that innovative ideas and fresh approaches to challenging problems can be discovered inside visionary companies around the world. The TED Institute helps surface and share these insights. Every year, TED works with a group of select companies and foundations to identify internal ideators, inventors, connectors, and creators. Drawing on the same rigorous regimen that has prepared speakers for the TED main stage, TED Institute works closely with each partner, overseeing curation and providing intensive one-on-one talk development to sharpen and fine tune ideas. Learn more at http://www.ted.com/ted-institute Follow TED Institute on Twitter @TEDPartners