A couple of my students of Family Managed Business once came and told me that they wanted to go into the business of stationery. I was aghast: with all these years of management studies, research, and exposure to global business, you want to go into the business of stationery? What will you do, manufacture paper clips? Hove a chain of photocopier shops? Sell printing paper from office to office? 1 tried my best to dissuade them, but they were certain that this is what they wanted to do. I threw up my hands. Here I was thinking we had prepared them for Fortune 500 companies, and they wanted to compete against people who own I Oft by 10ft shops and self erasers and pencils, one or two at a time, to neighborhood children!
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