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Inside this issue

• Understanding cultural differences is the key to success

• Chiefs relish being away from the media limelight

• Speed and flexibility can overcome lack of resources

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Content

Same challenges – different solutions

Private companies are often nimbler, more entrepreneurial, less bureaucratic and have coped well with hard times, writes Oliver Ralph

Business of the Year: Dyson wins flagship prize

The maker of the first bagless vacuum cleaner fights off competition from six other strong candidates from a wide range of business sectors. Plus: winners in all the other categories

Family businesses: Ownership model has pros and cons, relatively speaking

Successful firms balance the needs of the business, owners and family dynamics, writes Rod Newing

Exporting: Rich rewards for firms that clear hurdles

Understanding cultural differences is vital to opening the door in emerging markets, writes Jane Bird

Opinion: Future lies with the young, gifted and private

Private businesses are the unsung heroes of the economy, writes Ruby Parmar

Leadership: Chiefs relish being away from media limelight

In unquoted companies, building the business takes precedence over sticking to the rule book, writes Jonathan Moules

Technology: Speed and flexibility can overcome lack of resources in search for innovation

George Cole talks to four private companies that have moved successfully from idea to product launch

Social enterprises: Filling the gap where market has failed

Rod Newing finds the sector is thriving in a stagnant economy

Methodology: Rigorous process whittled down shortlist from 400

Charlie Hoffman, one of the judges, explains how the awards are run