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Governance

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.

March 1, 2004

Though you wouldn’t guess it today, Rug Bug was just a small-town carpet cleaning company when Constance Brown (58) and her husband Bob (62) bought it from Bob’s father in the early 1970s. From that meager start, Rug Bug has become the largest cleaning and carpet restoration business in the region.

Though you wouldn't guess it today, Rug Bug was just a small-town carpet cleaning company when Constance Brown (58) and her husband Bob (62) bought it from Bob's father in the early 1970s. From that meager start, Rug Bug has become the largest cleaning and carpet restoration business in the region.

March 1, 2004

Cypriot-born Andreas Liveras made his fortune in England in the food business. But retirement left him wanting and so over the course of 20 years he built up one of the most successful yachting companies in the world. Liveras is currently building five splendid yachts aimed at the charter market.

Cypriot-born Andreas Liveras made his fortune in England in the food business. But retirement left him wanting and so over the course of 20 years he built up one of the most successful yachting companies in the world. Liveras is currently building five splendid yachts aimed at the charter market.

Monday
The hotel staff at Athens Airport wake me at 4.30am. By 5.45am I am sitting in my seat on Alitalia: destination Nice via Rome. I arrive at 10.30am and am driven to my office in Monaco by my secretary.

March 1, 2004

Successful business families can provide their children a sense of well-being and privilege, but in doing so are they sheltering them from adversity, or denying the next generation a golden opportunity to be challenged?

Fredda Herz Brown is a Managing Partner at the Metropolitan Group in New Jersey

Successful business families can provide their children a sense of well-being and privilege, but in doing so are they sheltering them from adversity, or denying the next generation a golden opportunity to be challenged?

March 1, 2004

Transitioning the family business from one generation to the next is fraught with hardship, headaches and high drama. So says the mainstream press but it’s just not so

Andrew Keyt is Executive Director of the Family Business Center at Loyola University Chicago and President of the US Chapter of the FBN.

Transitioning the family business from one generation to the next is fraught with hardship, headaches and high drama. So says the mainstream press but it's just not so

March 1, 2004

More and more studies are showing extra longevity for family controlled firms, despite a conspicuous lack of resources and vulnerabilities. Yet many find the goal to endure and preserve wealth a long haul requiring commitment and adaptability

John L Ward is the Co-Director of the Center for Family Enterprises at Kellogg School of Management (USA) and the Wild Group Professor of Family Business at IMD (Switzerland). He serves on the boards of four family companies in Europe and the USA.

More and more studies are showing extra longevity for family controlled firms, despite a conspicuous lack of resources and vulnerabilities. Yet many find the goal to endure and preserve wealth a long haul requiring commitment and adaptability

March 1, 2004

By using the ‘four phases of succession’ a family business owner can pinpoint precisely where the business is and then smoothen the transition to the next generation. But the key is to take painstaking care during the early phases

Dennis T Jaffe is Professor at Saybrook Graduate School in San Francisco, author of Working With The Ones You Love and a founding member of the Aspen Family Business Group.

By using the 'four phases of succession' a family business owner can pinpoint precisely where the business is and then smoothen the transition to the next generation. But the key is to take painstaking care during the early phases

March 1, 2004

Many a family firm has crashed and burned amid recrimination, but many remain the world’s most respected enterprises. So just what is the role of leadership and family culture in the chemistry of success and failure?

Nigel Nicholson is Professor of Organisational Behaviour at London Business School. Åsa Björnberg is Research Assistant at London Business School on the LIFBRI (Leadership in Family Business Research Initiative).
(This work is supported under ESRC grant  – RES-051-27-0086. For a more detailed report of the survey findings or further information contact the London Business School. www.london.edu/family_business/)

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