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Sharing Wisdom, Building ValuesCousins

Sharing Wisdom, Building Values: Cousins [When families in business reach the third or subsequent generations, they enter the most complex stage of all, the cousins stage. By this time, the family is usually large, and has several branches. Few family members are involved in the operations, as is the case with Paulig. The business can be in a mature stage, like Algar, with a large number of employees and subsidiaries, and multiple divisions. Ownership is usually fragmented, and normally, no single owner has enough power to sway strategic decisions. Well-known examples of families in business that have reached this stage are Cargill in the USA with a turnover of US$ 49 billion (2001) and 90,000 employees; the almost 200 year-old Bonnier Group in Sweden with some 65 family owners4 or the Mulliez group in France, which we shall hear from later in this book, with 475 family associates and 850 family members.] http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png

Sharing Wisdom, Building ValuesCousins

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Publisher
Palgrave Macmillan US
Copyright
© Palgrave Macmillan, a division of Nature America Inc. 2011
ISBN
978-1-349-58468-0
Pages
35 –57
DOI
10.1057/9780230116207_3
Publisher site
See Chapter on Publisher Site

Abstract

[When families in business reach the third or subsequent generations, they enter the most complex stage of all, the cousins stage. By this time, the family is usually large, and has several branches. Few family members are involved in the operations, as is the case with Paulig. The business can be in a mature stage, like Algar, with a large number of employees and subsidiaries, and multiple divisions. Ownership is usually fragmented, and normally, no single owner has enough power to sway strategic decisions. Well-known examples of families in business that have reached this stage are Cargill in the USA with a turnover of US$ 49 billion (2001) and 90,000 employees; the almost 200 year-old Bonnier Group in Sweden with some 65 family owners4 or the Mulliez group in France, which we shall hear from later in this book, with 475 family associates and 850 family members.]

Published: Feb 17, 2016

Keywords: Family Business; Fourth Generation; Department Store; Algar Group; Green Coffee

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