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- Title
Family business: When you can't choose your partners.
- Authors
CRITTENDEN, VICTORIA L.; CRITTENDEN, WILLIAM F.; EDDLESTON, KIMBERLY A.; KELLERMANNS, FRANZ W.; FLOYD, STEVEN W.
- Abstract
The article focuses on succession planning and strategic planning in family businesses in the U.S. Topics discussed include family-owned retail store chain Market Basket Co. in the U.S., which suffered losses due to employee resistance to a new management team; succession planning which is essential for a business but can create conflict and disharmony in a family; and strategic planning that can lead to innovation and new product development, but can pose a risk to family's wealth.
- Subjects
FAMILY-owned business enterprises; SUCCESSION planning; STRATEGIC planning; DEMOULAS Super Markets Inc.; BUSINESS losses; INNOVATIONS in business; FAMILY relations
- Publication
Industrial Management, 2015, Vol 57, Issue 5, p12
- ISSN
0019-8471
- Publication type
Article