Making Peace between the Generations in Family Businesses
- Tags:
- Family,
- Family Business,
- Finance,
- Genus Resources,
- Investment
- Source:
- Genus Resources
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Overview: http://www.genusresources.com/site/content/publications/articles/davidow_narva_peace.asp There are more than 200,000 American companies with annual revenues of at least $5 million or more. The vast majority is family controlled or family owned. Almost all of these families persevere without benefit of counsel on inter-generational family business issues. Instead of assuming that only an outside professional can manage a succession properly, thereby ensuring intergenerational continuity, family businesses and their advisors could learn much more from studying the family dynamics of those family businesses that have already completed successful intergenerational transitions. In this article, how intergenerational conflicts can lead to problems in the business as well as the family, is discussed. It also reviews some of the ways family members and their advisors can best cope with these conflicts. Continue to read on to get more information.
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Format: HTML | Date: Jan 2003 | Pages: 1
