North Korea as Kim Family Business

Here is a bit of the analysis:

A classic 1987 study of family firm succession by John Ward of the Kellogg School of Management at Northwestern University concluded that only 30 percent of family businesses survive the third generation, and only 3 percent survive beyond that—no matter what the culture or country. The reasons are usually the same: With each generation the heirs grow more spoiled, fail to make the transition, possess less competence, and squabble more with shareholders, professional management, and among themselves. The ravages of nepotism and an uncreative desire to preserve the status quo make such businesses weaker and weaker. 

Kim seems to fit the pattern. He badly wants to emulate his grandpa—Kim Il Sung, whose birthday will be celebrated Monday in grand style—even adopting his haircut, but he doesn’t seem to have mastered the tradecraft he learned from his dad and granddad.