Generation to Generation: Life Cycles of the Family Business
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Generation to Generation: Life Cycles of the Family Business
Dong fang chu ban she. Jie si ke, Gersick Kelin E. Liu tong ke xue da xue. Jing ji ri bao chu ban she. Home About Help Search. Privacy Policy Terms and Conditions.
Remember me on this computer. The founder is impressive, builds a lot of value and is typically at the center of activity, often regarded as indispensable.
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Because families tend to pass ownership equally to the next generation, family businesses typically move next to the Sibling Partnership stage. Now brothers and sisters control the business together through ownership. Families at this stage are larger and more diverse, and businesses are larger and more complex, typically.
The company relies on a sibling team to work together effectively. Family relationships can be less connected as siblings create their own nuclear families. Sibling tension around power and fairness, balancing dividends with reinvestment, and building professional systems in the business are common issues at this stage.
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Next, family companies typically move to the Cousin Consortium stage as ownership control passes to a group of cousins. The family is larger, more diverse, and the business is larger and more complex. Typically few family members are employed in the business at this stage.
