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Article: APPOINTMENTS: Owner-managers must ease out of family firms; Just the Job.(Features)
- Article from:
- The Birmingham Post (England)
- Article date:
- October 11, 2003
CopyrightCOPYRIGHT 2003 Birmingham Post & Mail Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: Paul Johnson
Family businesses are unique. Families thrive on happiness and fulfilment, relationships and the rhythm of daily life, and this is often part of the culture of the family business.
Corporate culture dictates structure, activity, profits and results but does not have the added assets and complications of the family unit. The 'corporate versus personal' clash becomes most obvious when succession planning looms, and business owners are faced with ...