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Keeping the Family Business HealthyThe Challenge of Keeping a Family Firm Alive

Keeping the Family Business Healthy: The Challenge of Keeping a Family Firm Alive [Keeping a family business alive is perhaps the toughest management job on earth. Only 13 percent of successful family businesses last through the third generation (see Table 1 and Appendix G). Less than two-thirds survive the second generation. And, as indicated by other studies (Blotnick, 1984), fewer than 5 percent of all businesses ever started actually become family businesses through appointment of a successor from the next generation.] http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png

Keeping the Family Business HealthyThe Challenge of Keeping a Family Firm Alive

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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
1 –20
DOI
10.1057/9780230116122_1
Publisher site
See Chapter on Publisher Site

Abstract

[Keeping a family business alive is perhaps the toughest management job on earth. Only 13 percent of successful family businesses last through the third generation (see Table 1 and Appendix G). Less than two-thirds survive the second generation. And, as indicated by other studies (Blotnick, 1984), fewer than 5 percent of all businesses ever started actually become family businesses through appointment of a successor from the next generation.]

Published: Jan 21, 2016

Keywords: Small Business; Family Firm; Family Business; Business Owner; Financial Demand

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