Javier Macias is professor of Entrepreneurship and Family Business at EAE Business School and an active consultant, researcher and speaker.
He serves on advisory boards and family councils of several companies in Europe, South America, and Middle-East. He is founder of the think tank for family business advisers in Spain Club AEF and co-founder of the Ibero-American Virtual Study Group at the Family Firm Institute (FFI), where he is a fellow member.
Two-headed leadership can be defined as the capacity or art of leading a joint venture with two leaders who have equal conditions with respect to responsibility and participation in terms of decision-making power.
Most family fortunes were forged thanks to a founding entrepreneur and their successors who managed to uphold their legacy over the generations. The entrepreneurial tale of the founder is often passed down proudly from generation to generation. However, it is also common to see the successor generations concentrate so much on the core business that they sometimes lose the very entrepreneurial drive that gave rise to their family business in the first place.
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