Major shifts in leadership lie ahead

Article Abstract:

Research into the major challenges to family-owned businesses indicates that within five years from 1997, 28% expect a major change in leadership usually because of retirement. But the firms polled expect to retain family control. Tips are offered on how to plan for these shifts of wealth and power.

Small Business, Management-Delegation, Surveys, Delegation of authority, Family corporations

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A coming sea change in leadership: a gender gap in ownership may be closing, the active shall inherit the firm

Article Abstract:

Women own 36% of US businesses and this may impact the selection of the next generation of business leaders. Daughters may have a better chance of taking over from their mothers, or team-leadership strategies may be employed. The bases for rating a family business successful, may also change.

Psychological aspects, Column, Statistics, Businesswomen, Women-owned business enterprises, Women-owned businesses

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Professionalizing a family business

Article Abstract:

Crane Plastics Co. has become more professionally run with the accession of Tanny Crane to the post of president and CEO and Michael S. Crane to the post of executive VP. Tanny is niece to the most recent CEO and holds an MBA degree and Michael is a corporate lawyer.

Plastic Products, Plastics Product Manufacturing, Officials and employees, Plastics industry, Company Profile, Crane Plastics Company L.P.

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