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When it comes to family-run businesses, there’s a common saying that the first generation creates a business, the second builds it and the third squanders it away.

Is there any truth to that?

Bloomberg TV India’s Mini Menon discusses how best family run businesses survive generations as she speaks to Professor John Davis, Senior Lecturer of Business Administration, Harvard Business School on Lessons In Leadership.

Bloomberg TV India’s Lessons in Leadership With Harvard Business School is a special series that looks at the concept of Leadership across different kinds of companies. The series aims to put the spotlight on specific challenges that leaders face, within each category.

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