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Generation to Generation Introduction. Some facts: Some of best known firms are family businesses (FBs) About 65-80% worldwide are FBs 40% of Fortune 500 are FBs FBs generate about 50% of GDP and employ about half the workforce. More FB Issues. FB combines the roles of family and business

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generation to generation introduction
Generation to GenerationIntroduction
  • Some facts:
    • Some of best known firms are family businesses (FBs)
    • About 65-80% worldwide are FBs
    • 40% of Fortune 500 are FBs
    • FBs generate about 50% of GDP and employ about half the workforce

Generation to Generation-Intro

more fb issues
More FB Issues
  • FB combines the roles of family and business
  • Roles in family and in business may become confused & complicated
    • Conflict between what is best for business versus family interests
  • Problem: Management courses generally do not differentiate between family and non-family businesses

Generation to Generation-Intro

three dimension fb model
Three Dimension FB Model
  • Ownership Dimension
  • Family Dimension
  • Business Dimension
  • See page 17 for 3 axis model illustration

Generation to Generation-Intro

3 dimension model cont
3 Dimension Model, Cont.
  • Each person in the business is diagramed as being in a particular sector (see pg. 6 Venn diagram)
  • Diagram helps everyone see how organizational role can color one’s point of view
  • Provides a “snapshot” of family business at a point in time

Generation to Generation-Intro

ownership developmental dimension
Ownership Developmental Dimension
  • Controlling Owner (first generation)
  • Sibling Partnership (second generation)
  • Cousin Consortium (third generation)

Generation to Generation-Intro

family developmental dimension
Family Developmental Dimension
  • Young Business Family
  • Entering the Business
  • Working Together
  • Passing the Baton

Generation to Generation-Intro

business developmental dimension
Business Developmental Dimension
  • Start-up
  • Expansion/Formalization
  • Maturity

Generation to Generation-Intro

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