Holding on to Family Values or Adapting to a Changing World—The Case of Barilla
Family businesses are often deeply rooted in their traditions. While traditions offer identity and stability in times of crisis, they can also represent obstacles when innovation and adaption become necessary. This chapter asks how family businesses handle the challenge of sustaining their traditional values and adapting to a changing environment. It illustrates the case of Barilla, an Italian pasta producer that faced a marketing disaster when the current family owner, Guido Barilla, publicly announced that his family’s traditional values conflict with modern family concepts, such as homosexual partnerships. In the second part of the chapter selected benefits and challenges of family business traditions are discussed.
KeywordsFamily business Traditional values Change
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