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Keeping the Family Business HealthyShaping a Business Strategy that Includes the Family

Keeping the Family Business Healthy: Shaping a Business Strategy that Includes the Family [In a family business, family issues ultimately shape the business strategy. Such issues include: Should family members in the company work together or apart? How much money does the family need from the company? Are older family members confident that their sons and daughters can run the company well? The answers to such questions will be joined to other assessments of the strength of the business and the attractiveness of the industry. These three forces— family, business, and industry, all analyzed by managers and owners during the planning process—will together produce the future strategy for the family business.] http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png

Keeping the Family Business HealthyShaping a Business Strategy that Includes the Family

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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
171 –196
DOI
10.1057/9780230116122_7
Publisher site
See Chapter on Publisher Site

Abstract

[In a family business, family issues ultimately shape the business strategy. Such issues include: Should family members in the company work together or apart? How much money does the family need from the company? Are older family members confident that their sons and daughters can run the company well? The answers to such questions will be joined to other assessments of the strength of the business and the attractiveness of the industry. These three forces— family, business, and industry, all analyzed by managers and owners during the planning process—will together produce the future strategy for the family business.]

Published: Jan 21, 2016

Keywords: Family Firm; Family Business; Business Strategy; Business Owner; Small Company

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