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There is a high percentage of family business in Europe but only one third of those family businesses will successfully make the transition from each generation to the next
Member rating: No Rating | Words: | Submitted: Fri Jan 28 2005
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1.-TERMS OF REFERENCES. There is a high percentage of family business in Europe but only one third of those family businesses will successfully make the transition from each generation to the next (www.economist.com). Succession in a family business is not an event but a process and it involves the transfer of both management and ownership. Percentage of family business sectors 1 Percentage of businesses 1 2.-PROCEDURE AND METHOD EMPLOYED. The procedures I will follow in this report are as follows. Firstly, I will explain which are the advantages and disadvantages of family-owned firms explaining each of the reasons. Secondly, I will come up to a conclusion and thirdly I will propose some ideas that the government can take to assist family-owned firms. 3.-FINDINGS 3.1-ADVANTAGES OF FAMILY-OWNED FIRMS. When the company is owned and managed by family members with common goals and common basic values, it can shortcut much of the agreement negotiations that usually accompanies decision making in...
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