Face-to-face meetings are crucial for successful family businesses. They foster communication, build unity, and establish traditions, ultimately promoting long-term success. Summer, with its relaxed schedules, presents an ideal opportunity for…
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As anybody who watches the “Twilight” movies knows, vampires live forever. In reality, of course, the actors portraying the characters are as mortal as anyone. And the enterprises led by…
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Ford Motor Company is doing CEO succession right. On May 1 they announced that Mark Fields, a 25-year company veteran, will replace Alan Mulally as CEO and President, effective July…
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Eric Bassett, 20, started working for his family’s business, Bassetts Ice Cream, in Philadelphia when he was only 15 years old. The company has been in business since 1861 when…
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Randy Marten, CEO of Marten Transport, has played an active role in the immense growth of the trucking company his father founded in 1946, pushing the family business to become…
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Chances are good that a long-lived family business will eventually be led by a sibling team. Despite sharing common values, siblings face real obstacles when cast in the top leadership…
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