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Sustaining Family Enterprise: Meeting the Challenges of Continuity, Control and Competitiveness

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Most people have a straightforward vision of the perfect family business. First, they hope for continued strengthening of the company’s financial and market position so it can support the lifestyle and needs of family members, from generation to generation. Secondly, they wish for family harmony.

But life gets in the way. Sometimes family members’ short-term or individual needs can overwhelm the needs of the business. In other cases, family members strongly disagree on the strategic directio...