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Major Challenges
Family businesses are faced with multi-dimensional and rapidlydeveloping challenges that have not existed together before
Economical
Political
Internal
Demographic
Structural
Environmen tal
Currency risk
Increase of business risk (volatility) High unemployment Wars versus Shift of political powers
Globalization
Political challenges are rising throughout the Middle East and other countries
Political Challenge Democratization versus social unrest Implications Social instability for years to come
Generation conflicts
Migration of talents Social class unrest
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and
weak
structures
render
family
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Short Term
Long Term
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Realistic pricing of volatility Simplifying business model, better focus and making it dynamic Focus on regional investments Dont diversify globally, rather partner globally Cash Commodities is king Exploit social & media networks
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Recognize dynamic change in behavior Gain intimate understanding of your long-term customers (the youths) Invest in innovation through partnerships Outsource Distinguish between wealth and talent Demand smaller governments
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