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Man and boy making shoes. Reproduction of a painting by Louis Emile Adan (1839-1937), © Braun & Co., N.Y. (Source: Wikimedia Commons)

Family Business Ownership and the Next Generation

Idea posted: July 2013
  • CSR & Governance
  • Innovation & Entrepreneurship
  • Leadership & Change
  • Learning & Behaviour
Institutions: IESE Business School

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.”

Idea #174
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