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Author(s)

John L. Ward

Craig Aronoff

Discusses how the family affects the family business' long-term strategy. Advice top separate family and business; Importance of family considerations to business success; Gaining of strategic insights and energy; Consistency between business strategy and family beliefs; Family-business strategies fitting the owning family's personality, structure and values.
Date Published: 1994
Citations: Ward, John L., Craig Aronoff. 1994. Family business: coercing offspring to take the reins; planning around personal considerations; dealing with a son's illness. Nation. (1)58-60.