A comprehensive guide to the family business offers practical advice on how to build a business with relatives, from a small-town bakery to auto manufacturer.
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Finding that the separation between business and family issues within family businesses has been diminishing over the past decade, Carlock (family enterprise, U. of St. Thomas) and Ward (Kellogg Graduate School of Management, Northwestern U.) see the need for family business to involve as many family and non-family members as possible in the shaping and focus of the business. They introduce a model they call the "parallel planning process" (PPP) as a way to meet the challenges of today's family businesses. The model assumes that family and business systems are interdependent and proposes ways to integrate planning for both. ^ Annotation c. Book News, Inc., Portland, OR (booknews.com)
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