1. Family Business Dynamics
What makes this dynamic complicated is the fact that families change and grow, which makes ownership difficult in the future as well as making it stressful on the business. ... If this process is not planned well in advance, many conflicts can arise that can ultimately terminate the business. 66% of all family businesses in the first generation will fail to succeed the business to the next generation. Of those successful family businesses that are passed to the second generation, only 10% of those businesses will successfully transfer ownership over to the third generation. ... Capital can be...
- Word Count: 1227
- Approx Pages: 5
- Has Bibliography
- Grade Level: Undergraduate