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Entrepreneurs in Every Generation by Pramodita Sharma, Allan Cohen

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Chapter 3

SECRETS OF SUCCESSFUL ENTERPRISING FAMILIES

In 1745 Johann Diederich Neuhaus (JDN) built his first wooden shaft winch for the locks and the horse-drawn barges on the Ruhr river in Witten, Germany. Could he have known that in the vicinity of his family home he had laid the foundation of a company that would become a world leader in effortless movement of heavy loads? Seven generations after its foundation, JDN, led by Wilfried Neuhaus-Galladé, is one of the forty-four Henokien1 companies. (To become a member of the Henokien association, a company must have been in existence for over 200 years and be actively controlled and managed by the founders’ descendants.) Over the years, the winch forge has been transformed into a globally operating ...

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