To the extent that people feel more continuity between their present and future selves, they are more likely to make decisions with the future self in mind.
What can business-owning families learn from the Sackler story, even as the story evolves? Read more as part of our Family Enterprise in the Spotlight series.
Daniel Wolfenzon, Stefan H. Robock Professor of Finance and Economics, Finance Division Chair, and Faculty Director, Columbia’s Global Family Enterprise Program, investigated absenteeism in family firms versus non-family firms.
Entrepreneurs are different from other people. Their talent lies in imagining a new solution or a fresh approach that gives the world something it may not have even realized it needed. Building a successful enterprise from start-up to sustained profitability demands total immersion.