Generation to Generation

PART II

Four Classic Family Business Types

THIS SECTION looks at family businesses in four of the most typical, and most interesting, combinations of ownership, family, and business developmental stages: the first-generation, founder-run business owned and managed by an individual entrepreneur; the established business owned by a Sibling Partnership and experiencing rapid growth and change; the complex, mature Cousin Consortium; and the business at the brink of transition, controlled by a Passing the Baton family. Each of the following four chapters is designed to show how the dimensions interact in shaping the character of actual family businesses. The chapters also present, in turn, four of the most important themes of family business: entrepreneurship, ...