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Generation to Generation Introduction

Generation to Generation Introduction. Some facts: Some of best known firms are family businesses (FBs) About 65-80% worldwide are FBs 40% of Fortune 500 are FBs FBs generate about 50% of GDP and employ about half the workforce. More FB Issues. FB combines the roles of family and business

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Generation to Generation Introduction

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  1. Generation to GenerationIntroduction • Some facts: • Some of best known firms are family businesses (FBs) • About 65-80% worldwide are FBs • 40% of Fortune 500 are FBs • FBs generate about 50% of GDP and employ about half the workforce Generation to Generation-Intro

  2. More FB Issues • FB combines the roles of family and business • Roles in family and in business may become confused & complicated • Conflict between what is best for business versus family interests • Problem: Management courses generally do not differentiate between family and non-family businesses Generation to Generation-Intro

  3. Three Dimension FB Model • Ownership Dimension • Family Dimension • Business Dimension • See page 17 for 3 axis model illustration Generation to Generation-Intro

  4. 3 Dimension Model, Cont. • Each person in the business is diagramed as being in a particular sector (see pg. 6 Venn diagram) • Diagram helps everyone see how organizational role can color one’s point of view • Provides a “snapshot” of family business at a point in time Generation to Generation-Intro

  5. Ownership Developmental Dimension • Controlling Owner (first generation) • Sibling Partnership (second generation) • Cousin Consortium (third generation) Generation to Generation-Intro

  6. Family Developmental Dimension • Young Business Family • Entering the Business • Working Together • Passing the Baton Generation to Generation-Intro

  7. Business Developmental Dimension • Start-up • Expansion/Formalization • Maturity Generation to Generation-Intro

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