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succession

March 1, 2005

As small family businesses evolve into multi-national corporations, the third and fourth generations can tend to feel distanced from the central management of the company. An annual ‘cousins’ consortium’ can help maintain harmony, explain Bonnie Brown and Chester Weber

Bonnie M Brown is President of Transition Dynamics Inc. www.transitiondynamicsinc.com. chester E weber  is an associate of Wealthbridge Partners. www.wealthbridgepartners.com

As small family businesses evolve into multi-national corporations, the third and fourth generations can tend to feel distanced from the central management of the company. An annual 'cousins' consortium' can help maintain harmony, explain Bonnie Brown and Chester Weber

November 1, 2004

The Canadian population is made up of a large proportion of baby boomers, and consequently a high percentage of first-generation family businesses. The key challenge for these companies, therefore, is succession. Are they ready? Terri Hegum-Allen reports

Terri Hegum-Allen is national executive director of the Canadian Association of Family Enterprise.

The Canadian population is made up of a large proportion of baby boomers, and consequently a high percentage of first-generation family businesses. The key challenge for these companies, therefore, is succession. Are they ready? Terri Hegum-Allen reports

November 1, 2004

Corporate scions come from a different world, one in which they must prove themselves in the long shadow of their entrepreneurial predecessors and demanding families. It’s a formidable task, as Dennis Jaffe explains

Dennis Jaffe is a founding member of the Aspen Family Business Group.

Corporate scions come from a different world, one in which they must prove themselves in the long shadow of their entrepreneurial predecessors and demanding families. It's a formidable task, as Dennis Jaffe explains

November 1, 2004

Transfer of the family business is a continuing process. One can hire specialists to deal with financial and fiscal-legal regulations but Johan Lambrecht explains why the soft elements of the process must be addressed and fostered by the family

Johan Lambrecht is professor at EHSAL Business School in Brussels and director of the Research Centre for Entrepreneurship, EHSAL-KU Brussels.

Transfer of the family business is a continuing process. One can hire specialists to deal with financial and fiscal-legal regulations but Johan Lambrecht explains why the soft elements of the process must be addressed and fostered by the family

September 1, 2004

Ignoring the strategic landscape of the business itself, family firms can focus too heavily on leadership transition because of emotional reasons, says Andrew Keyt. Has succession overshadowed the harder long-term business goals?

Andrew Keyt is president of the US chapter of the FBN and executive director of the Chicago Family Business Center.

Ignoring the strategic landscape of the business itself, family firms can focus too heavily on leadership transition because of emotional reasons, says Andrew Keyt. Has succession overshadowed the harder long-term business goals?

September 1, 2004

There’s no shortage of findings that suggest family businesses have their work cut out in terms of succession planning.

There's no shortage of findings that suggest family businesses have their work cut out in terms of succession planning. In the US, 40% of family owned businesses are expecting a leadership change in the next four years. Billions of dollars will change hands. In Europe, it's a similar tale. But the plot has a new twist: fewer companies are being passed down the generations. As more owners exit, succession planning has lost its urgency. But private investors can be forgiven for feeling a little wobbly.

July 1, 2004

Finland may be a small country overshadowed by its dominant neighbour Russia, but has a tenacious family business sector powering a stable economy. Krista Elo-Pärsinnen reports

Finland may be a small country overshadowed by its dominant neighbour Russia, but has a tenacious family business sector powering a stable economy.

Finland's family businesses embody 'accountable ownership' with a face – they are arguably the backbone of the economy as well as the engine powering it. Their broad goal is not unlike family business owners the world over: to pass down an enterprise in a better condition than when they themselves took over.

May 1, 2004

Succession is widely believed to be the central management issue in family business. The very idea of succession rests on the notion that a set of generic concepts underlies the planning process.

Gerald Watts is professor in entrepreneurship at University of Gloucestershire.  John Tucker is head of UK Family Business Services at Grant Thornton.

May 1, 2004

Antonio García (18) worked for Mr Garza in a laboratory preparing food supplements. Antonio was a committed, hardworking and loyal employee. Mr Garza (72) wanted to retire and have some time to enjoy life.

Antonio García (18) worked for Mr Garza in a laboratory preparing food supplements. Antonio was a committed, hardworking and loyal employee. Mr Garza (72) wanted to retire and have some time to enjoy life. He had no children and decided to sell the lab equipment to his faithful employee, Antonio (24). He also gave him the formulas of two of the products as a wedding present when Antonio married Dolores (20) that same year.

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