Don't be trapped by past success

Article Abstract:

Many family businesses are operating with the methods that brought them past successes. Executives who see that change is needed would do well to critically question past success, challenge current strategy and seek consistency in the company.

Economic aspects, Business enterprises, Business success

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The critical value of stewardship

Article Abstract:

Successful family businesses often have a philosophy that includes the best management, stewardship of the family resources for the family, the employees, and the community and a wish to leave an enduring institution.

Small business

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Facing fears of retirement

Article Abstract:

Retirement and succession planning can be a psychological problem for the founder of a family firm. The right attitude is important in succession planning.

Psychological aspects, Retirement, Succession planning (Business)

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