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Employees and the Family Firm
First there are the older employees, who in many cases have been with the company since its founding. The founder typically treats them like family. Read more...Continuity in Family Businesses
In a family company, the first succession is particularly important, because it determines whether the company will outlive its founder.
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The Family
The family unit can be a major source of conflict for a family company. On the one hand, the successor for the top job is most likely to be a family member, while on the other hand family members’ interests and objectives can be divergent.
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