ABSTRACT
This introduction presents an overview of the key concepts discussed in the subsequent chapters of this book. The book describes the factors and dynamics behind the ability of Nordic businesses to grow and thrive from one generation to the next in the process of becoming dynasties. It explores the behaviour and motivations of families without weighing in on whether such businesses represent the most efficient structure for generating profitability and growth. The book examines the ability of families to manage succession and the impact of their beliefs and values on the spirit of entrepreneurship. Warren Buffet likes to brag that he belongs to the Lucky Sperm Club of major investors. He forgets the importance of the egg and implies that the next generation will be born with a silver spoon in its mouth. The book deals with some of the largest family businesses in Denmark, Finland, Norway and Sweden, i.e. the largest Scandinavian or Nordic economies.
