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Family Business Ownership and the Next Generation - Ideas for Leaders

Family Business Ownership and the Next Generation

Idea #174

Family Business Ownership and the Next Generation

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KEY CONCEPT

Most owners of family businesses want to ensure that their firm stays in the hands of the family for generations to come. This is not impossible to achieve. In this Idea, some practical steps that senior managers can take to ensure next-generation members are committed to the family business are outlined. The key is to develop a sense of “psychological ownership.”


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Authors

Idea conceived

June 1, 2013

Idea posted

Jul 2013
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