Survival of the Fittest-Family Owned Busiess

Family Owned Businesses i Survival of the fittest of a Family-owned business Staci M. Harris Expository Writing, Section M &W Charles Hamilton November 17, 2010 Family Owned Businesses ii Abstract Family owned businesses maybe one of the oldest forms of a business organization. In nows fast paced world, and with expert improvements being made daily, its hard to compete with bad corporations. Family-owned businesses must have a well developed strategic plan to become the changes of this economic world. A sign of advantage lies in developing an exit strategy that will let in the business to pass from generation to generation. I conducted my inquiry from individualised experience, as well as from reliable internet sources. My research was focused on how a family-owned business can survive despite of all of the competition and continue to create growth. later on 45 years of owning my own company, the research I conducted turn out to my surprise, that my family and I were actually already utilizing many of the topics discussed here to stand peace, success, growth within both systems- family and business. Keywords; succession, strategy plan, family, corporations, generations.

Family-Owned Businesses 1 Family- owned businesses are becoming rare in the United States. In todays economy large corporations and convergence of small companies calculate to be whats creating the greatest amount of battle in our society. Large corporations provide the world with economy but they express away from the imagination and wanting to be an entrepreneur. They provide employment but they also take away from creativity of jump a family- owned business. A family -owned business is now considered a unique organization, because of the concern over passing the business to the abutting generation, the high quality of commitment to the family name, and the employees or generally, family members who share joint values.... If you want to get a full essay, order it on our website: Orderessay

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