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Generation to Generation: Life Cycles of the Family Business by Ivan Lansberg, Marion McCollom Hampton, John A. Davis, Kelin E. Gersick

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3

The Business Developmental Dimension

ALL FAMILY COMPANIES may have much in common, but it is also clear that the corner store and the multinational corporation are different in important ways. Alongside the ownership and family developmental dimensions, it is necessary to take into account the size, age, structure, and financial performance of the business itself in order to understand how the system is currently working and how it needs to develop further. Young, small, simple firms make certain kinds of demands on the family and ownership groups. They are preoccupied with survival; most often they see the family primarily as a source of cheap, dedicated labor and badly needed cash. Mature, large, complex companies face a very different set ...

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