Case Number: 5-104-012(B), Year Published: 2004
HBS Number: KEL116
Family Business, Organizational Change, Family Owner's Council, Governance, Company / Board Reorganization, Succession Planning
Case A shows how a regional family company, threatened by national competition, needs to make changes to its structure and way of doing business or face extinction or sale. Case B shows the steps the business takes to make it succeed, including restructuring that involves eliminating long-time family managers and planning for succession. Case C shows post-transition successes and areas that still need work.
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