December 2015
Intermediate to advanced
850 pages
41h 12m
English
Content preview from Strategic Management, Text and Cases by Pearson
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STRATEGY FOR FAMILY BUSINESS
641
venture capital funding or loans from financial institutions, the systems
would be in place faster and more formally. Financial management
strategies include the development of the financial management sys-
tems and periodic strategic analysis and updating of the systems and
subsystems. Investment budgets are prepared with a longer time hori-
zon of 3–5 years and updated annually in non-family businesses, but in
FBs, the time horizon may be generations taking into consideration the
number of siblings and their preferences. The resource mobilization
strategies adopted by some FBs include sourcing funds from multilat ...
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