01/01/2005
The select few family businesses that survive the transition to the third
generation have overcome a host of governance and management dilemmas. They have
shed the hierarchical, often nepotistic management policies of the past and
embraced best practices and nonfamily management talent. They have brought a
growing constituency of cousins and siblings together to discuss and ratify
important decisions. They have put the vision and energy of an entrepreneur
through the crucible of business discipline and come away with a thriving
enterprise.Illustrations by Jonathan Barkat.
Additional Information
The Third-Generation Bounce
United We Stand