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Professionalizing Family Businesses

Read the article Professionalizing Family Businesses (you can do this in the window below or follow the previous link to read the article in a separate window) and then consider answers to the questions below.


Question 1

Define the terms:

  • Culture clash
  • Strategic planning

Question 2

Explain what is meant by professionalizing a family business.

Question 3

Analyse why the process of professionalization may cause conflict between family members.

Question 4

Evaluate strategies that family firms could adopt to improve their quality of management.