Continuity planning for a third-generation family business / Pramodita Sharma, Rocki-Lee DeWitt, and Lauren Bass.

Format:

Book

Author/Creator:

Sharma, Pramodita, author.

DeWitt, Rocki-Lee, author.

Bass, Lauren, author.

Series:

SAGE business cases.

SAGE business cases

Language:

English

Subjects (All):

Family-owned business enterprises--Management--Case studies.

Family-owned business enterprises.

Physical Description:

1 online resource : illustrations.

Place of Publication:

London : SAGE Publications: SAGE Business Cases Originals, 2023.

Summary:

A third-generation CEO considers how to prepare his successful 85-year-old family business for a leadership transition from three sibling partners to eight cousins while maintaining family harmony and business growth. State Garden, with USD 100 million in annual revenue, supplies ready-to-eat organic salads and greens to grocery stores across the eastern United States. The first two transitions were smooth as each rising generation had worked alongside their seniors for decades. The next transition will be different. The fourth generation does not have the experiential depth of previous generations and non-family professionals are now integral to the management team. It is time to look back and learn before moving forward. As three cousins are already working in the business and another three could join within five years, the CEO is eager to process and plan the many facets of continuity.

Notes:

Description based on: online resource; title from PDF information screen (Worldcat, viewed May 1, 2023).

ISBN:

1-5296-1883-5

9781529618839

OCLC:

1362534548