Flairworks

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Issues and challenges in succession planning for family businesses.

Is There A Right Time For Generational Change in Family Businesses?

The subject of generational succession in family businesses remains a complex undertaking, mainly because of the family factor and the associated interplay of emotional and personality dynamics. It also remains...

Importance of communication for family businesses.

Importance of Communication in the success of Family Businesses

Family businesses are inherently complex and they increase in complexity with time because of the interplay between three factors: the family, the ownership and the enterprise. This leads to reduced...