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Book

Wise Wealth

Creating it, managing it, preserving it

By Joachim Schwass, Colleen Lief, Håkan Hillerström and Holger Kück

157 pages

Hardcover

Overview

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Overview

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Creating wealth is difficult. So is managing wealth effectively. Losing wealth is the easiest part. It takes an enlightened approach to understand the future issues and to prepare and plan for the benefit of the next generations.

Wise Wealth provides the reader with broad and deep insights into relevant aspects of private wealth and, most importantly, its continuity. It uses pragmatic frameworks and proven concepts from advanced family business research and contains significant new work on the growing field of family offices.

The four authors combine their personal, academic and professional experiences to enable the reader to learn from the most common mistakes and from the most successful entrepreneurs, family businesses and family offices. This book will be of interest to entrepreneurs and family businesses as well as to a wider audience of individuals with private wealth and the large number of service providers that act on their behalf such as bankers, lawyers, consultants and educators.

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Research Information & Knowledge Hub for additional information on IMD publications

Hardcover

eBook

You can also buy the book on Barnes & Nobles, Book Depository, Orell Füssli and Routledge.

Publisher

Palgrave Macmillan

ISBN

9780230290051

Keep reading

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Case Study

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Summary

Firing on all engines, Unilever’s ‘crown jewel’ is scaling digital, talent, and strategy to lead growth in India’s fast-approaching $5tn economy.

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Research Information & Knowledge Hub for additional information on IMD publications

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in I by IMD 22 July 2025

Summary

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YCH Group: How to remain an innovative family business across generations

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Case reference: IMD-2659 ©2025

Summary

YCH Group, a pioneering family-owned logistics company in Asia evolved from a small transport business into a regional leader in supply chain solutions focused on e-commerce, the Internet of Things (IoT) and robotics. This remarkable transformation was thanks to executive chairman Dr Robert Yap, a visionary who was fond of disruption and who remained at the forefront of innovations in the industry. As Dr Yap contemplated the future of YCH, he wondered how his focus on innovation might endure. His son, Ryan Yap, represented a new generation with different ideas about how to protect the company's core. The case asks participants to rethink legacy as not merely a fixed heritage of traditions passed down but one of continual change and entrepreneurship. It also invites learners to evaluate and discuss how YCH should prepare for a new era of success.

Reference IMD-2659

Organization YCH Group

Industry Logistics and Supply Chain

Available Languages English

Contact

Research Information & Knowledge Hub for additional information on IMD publications

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in I by IMD 15 July 2025

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