Companies face challenges in changing their existing cultures, but it is possible to transform them successfully. Family-owned businesses may be more risk-averse than public companies, but they face challenges in passing on the business to the next generation. Family-owned companies also have contrasting approaches to profitability, ownership, and decision-making compared to public companies. Time can be a valuable resource in achieving a competitive advantage, and can be gained through strategies such as time-based competition and batch management. Companies can also gain a strategic advantage by focusing on the supply chain crisis and leveraging it to improve their supplyチェーン in the face of disruptions.
