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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 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


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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


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Three Dimension FB Model

  • Ownership Dimension

  • Family Dimension

  • Business Dimension

  • See page 17 for 3 axis model illustration

Generation to Generation-Intro


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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


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Ownership Developmental Dimension

  • Controlling Owner (first generation)

  • Sibling Partnership (second generation)

  • Cousin Consortium (third generation)

Generation to Generation-Intro


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Family Developmental Dimension

  • Young Business Family

  • Entering the Business

  • Working Together

  • Passing the Baton

Generation to Generation-Intro


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Business Developmental Dimension

  • Start-up

  • Expansion/Formalization

  • Maturity

Generation to Generation-Intro


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