1. Family Business Succession Guide
... across generations of the family or families" (Massis, Chua, and Chrisman). The transition of power from one generation to another is not an easy process. It is a complicated process because family businesses have several other issues that work against the successful continuation of the business. The main issues include generation transition, alignment of interests between ... 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 proces...
- Word Count: 1366
- Approx Pages: 5
- Has Bibliography
- Grade Level: Undergraduate