1. Family Business Succession Guide
... the company, personal retirement goals and cash flow needs of retiring family owners, identify goals of next generation management, both personal and business, and consider a professional advisor to help the management. The organization establishes a decision-making process. This includes identifying and establishing governance processes for involving family members in decision-making, establish a method for dispute ... solving, write a document about the succession plan, and communicate succession plan to family/stakeholders. The company establishes the succession plan, identifying suc...
- Word Count: 1366
- Approx Pages: 5
- Has Bibliography
- Grade Level: Undergraduate