This book of short pithy essays by John A. Davis presents fresh data on why family businesses perform better than non-family businesses around the world. The competitive advantages of family enterprises and the strategies at the heart of their multigenerational success are explored in this revised second edition. Davis’ findings and insights have profound implications for business leaders, owners, and family members.

The seven essays span the following topics:

  • The Enduring Advantage of Family Business
  • Wealth Paths: The Rise and Fall of Family Wealth Over Generations
  • Sustaining Family Success Requires Growth, Talent, and Unity
  • The Job of an Owner in a Family Business
  • A Tour of Governance Essentials for the Family Enterprise
  • The Secret of Great Leadership Transitions
  • No Substitute for Good Parenting

Enduring Advantage is a treasure of insights and useful information for family businesses. It dives deeply into the important issues that help families achieve multigenerational success.

– Wealth Manager to Business Families


John A. Davis, Chairman, and Founder, Cambridge Family Enterprise Group; Senior Lecturer, Family Enterprise Programs, MIT Sloan School of Management

The Cambridge Institute for Family Enterprise is a global research and education organization dedicated to positioning family enterprises to be successful over generations. CIFE offers transformative workshops and programs, in open and private settings. Its research agenda and publications explore the key drivers of family enterprise success. cfeg.com


Future Family Enterprise Program

October 20-25, 2024

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