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In the succession of a family business from one generation to the next, the corporation's ability to pay must be balanced with the needs of the individuals who own and operate it. Described here is an economic model and consulting tool for promoting a business-driven dialog that can result in the...
The involvement of and the reasons for the involvement of offspring in their parents' firms can significantly affect the firm's future. In this paper, a conceptual model is presented that explains the decision process through which the most suitable level of involvement for the next generation in...