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Keeping the Family Business HealthyOvercoming Barriers to Long-Term Business Health

Keeping the Family Business Healthy: Overcoming Barriers to Long-Term Business Health [A healthy company is the foundation of family business continuity, and long-term health is based on the ability to anticipate and respond to change. Specific changes vary with each industry, of course. But certain developmental changes are common to most businesses. They are triggered by forces that are a natural part of the evolution of the family-owned business; these forces steer each company through a predictable pattern of growth and change. These include developments in (1) the nature of the business, (2) the character of the organization, (3) the motivations of the owner-manager, (4) family financial expectations, and (5) family goals.] http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png

Keeping the Family Business HealthyOvercoming Barriers to Long-Term Business Health

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Publisher
Palgrave Macmillan US
Copyright
© Palgrave Macmillan, a division of Nature America Inc. 2011
ISBN
978-1-349-58470-3
Pages
21 –56
DOI
10.1057/9780230116122_2
Publisher site
See Chapter on Publisher Site

Abstract

[A healthy company is the foundation of family business continuity, and long-term health is based on the ability to anticipate and respond to change. Specific changes vary with each industry, of course. But certain developmental changes are common to most businesses. They are triggered by forces that are a natural part of the evolution of the family-owned business; these forces steer each company through a predictable pattern of growth and change. These include developments in (1) the nature of the business, (2) the character of the organization, (3) the motivations of the owner-manager, (4) family financial expectations, and (5) family goals.]

Published: Jan 21, 2016

Keywords: Family Business; Business Strategy; Business Owner; Leadership Style; Pension Plan

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