2010_Set_9-_Family

2010_Set_9-_Family - Family Business Twodistinctsystems...

Info iconThis preview shows pages 1–6. Sign up to view the full content.

View Full Document Right Arrow Icon
Family  Business Two distinct systems  working at opposite ends  of the spectrum.
Background image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
Loving and working are the way we  express ourselves.  As Freud pointed  out, building the abilities “to love and  to work” are primary goals of healthy  development. .. For love and work are  the building blocks of a gratifying  adult life.  They give meaning to life. ..  (Masterson, 1988)
Background image of page 2
Family Business defined: An organization where two or more  extended family members control the  direction of the business through the  exercise of kinship ties, management  roles and ownership rights.
Background image of page 3

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
Statistical References Canadian SME’s run by the founder or a  relative- 67% The most valuable benefit for the company of  hiring family- its talent pool  Skills and training acquired at the dining room or  kitchen table, and loyalty driven by shared genes Entrepreneurs who say that a key benefit of  family involvement is the opportunity to teach  family members a disciplined work ethic…  84%  Family firms with rules governing family  members in the business… 11% written, 24%  unwritten rules
Background image of page 4
More stats SME entrepreneurs who believe that it is important to  have an exit strategy- 92% Family-business entrepreneurs who actually have an  exit strategy –44% Who have chosen a successor- 24%
Background image of page 5

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
Image of page 6
This is the end of the preview. Sign up to access the rest of the document.

Page1 / 19

2010_Set_9-_Family - Family Business Twodistinctsystems...

This preview shows document pages 1 - 6. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online