PART III
Managing the Developing Family Business
THIS SECTION focuses on ways to guide the family business as it moves along all three developmental dimensions. Our conclusions are based on the “lessons from experience” that we gleaned from working with companies in the field, and on our own and our colleagues’ research and writing about family firms. Chapter 8 summarizes the organizational structures and operational plans that we have found the most useful in companies that manage their developmental dynamics successfully. We have been as specific as possible in describing our view of “best practice” in each case, so that family business members can discuss these suggestions and experiment with them without any outside consultation, if they ...
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