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 directlys fast paced world, and with technical improvements being made daily, its hard to compete with boastful corporations. Family-owned businesses must have a well developed strategic plan to stretch out the changes of this economic world. A sign of advantage lies in developing an exit strategy that will forfeit the business to pass from generation to generation. I conducted my investigate from personal 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. by and by 45 years of owning my own company, the research I conducted prove to my surprise, that my family and I were actually already utilizing many of the topics discussed here to house peace, success, growth within both systems- family and business. Keywords; succession, strategy plan, family, corporations, generations.

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

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