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Family Businesses: The Essentials by Peter Leach

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2Family business dynamics

People, systems and growing complexity

Special dynamics set family businesses apart from other enterprises. These dynamics are at work at three levels: they affect the people who participate in family businesses; they affect the way in which such businesses are organised and operate; and they lie behind the way family firms become more complex with the passing of time, especially with the transition from one generation to the next.

Family business people

Family businesses are unique because of the people who are involved in them. Rather than a random cross-section of employees, managers, directors, advisers and investors, they are family members and they are all related to one another. Sometimes, particularly in the ...

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