Check Attatchments - Research

Total Sample - Current Generation Vs. New Genertaion

New Generation Current Generation 34 34 New Generation Current Generation

Family Business Goals

Total N Meet Economic and financial ratios Capture new markets Develop the business portfolio Increase the market share Maintain and ensure stable distribution of dividends across time Maintain/increase the family’s standard of living Cover the family’s cash requirements Retain firm ownership in the hands of the family Retain family control over the board Retain firm management in the hands of the family Maintain/increase the inter-generational value of the company Pass on a healthy firm to the future generations Ensure the firm’s growth is in balance with the family’s growth Maintain the founder’s entrepreneurial spirit Sustain the pride of having developed an innovative firm Preserve the family’s interest in the business to ensure its continuity Maintain the family's business leadership and entrepreneurial vision Maintain and increase the family's involvement in the business Maintain and reinforce the family's commitment to the business Preserve commitment of non-family employees to the business Transmit family values to the entire firm Promote communication/inf ormation to maintain family harmony Promote the firm as a place to meet and share time among family members Support family employment while ensuring the most capable family members are promoted Train and increase the skills of future generations Ensure the current generation sets an example for future generations Prepare the transition of the firm to the next generation Professionalize the firm’s structures by integrating future generations Maintain the reputation of the family name in society Take care of the business image Preserve the family's reputation in the business community Maintain and, if possible, create jobs Achieve a high-quality working climate Meet customer needs Make the customer the focus of the business Create and maintain ties with the local community Incorporate ethics and honesty in business dealings Assume commitments to society and the local network Promote business with local providers wherever the firm has business Maintain the firm’s original locations Preserve the original location as the decision-making center Maintain the core economic activities that formed the basis of the firm's origins Maintain the original essence of the firm—firm’s roots 4.5294117647058822 4.0882352941176467 4.382352941176471 4.2058823529411766 3.3823529411764706 4.382352941176471 4.5 4.1470588235294121 3.8235294117647061 3.7058823529411766 4 4.2941176470588234 3.9411764705882355 4.0294117647058822 4 4 4.0294117647058822 3.6176470588235294 3.7647058823529411 4.0882352941176467 3.8235294117647061 4.2058823529411766 3.5 3.7941176470588234 4.3529411764705879 4.1764705882352944 3.9411764705882355 3.7352941176470589 4.382352941176471 4.4117647058823533 4.5588235294117645 4.2058823529411766 4.382352941176471 4.6764705882352944 4.3235294117647056 4.2941176470588234 4.6764705882352944 4.1764705882352944 4.3235294117647056 2.9117647058823528 2.8823529411764706 3.4117647058823528 3.5588235294117645 Total O Meet Economic and financial ratios Capture new markets Develop the business portfolio Increase the market share Maintain and ensure stable distribution of dividends across time Maintain/increase the family’s standard of living Cover the family’s cash requirements Retain firm ownership in the hands of the family Retain family control over the board Retain firm management in the hands of the family Maintain/increase the inter-generational value of the company Pass on a healthy firm to the future generations Ensure the firm’s growth is in balance with the family’s growth Maintain the founder’s entrepreneurial spirit Sustain the pride of having developed an innovative firm Preserve the family’s interest in the business to ensure its continuity Maintain the family's business leadership and entrepreneurial vision Maintain and increase the family's involvement in the business Maintain and reinforce the family's commitment to the business Preserve commitment of non-family employees to the business Transmit family values to the entire firm Promote communication/information to maintain family harmony Promote the firm as a place to meet and share time among family members Support family employment while ensuring the most capable family members are promoted Train and increase the skills of future generations Ensure the current generation sets an example for future generations Prepare the transition of the firm to the next generation Professionalize the firm’s structures by integrating future generations Maintain the reputation of the family name in society Take care of the business image Preserve the family's reputation in the business community Maintain and, if possible, create jobs Achieve a high-quality working climate Meet customer needs Make the customer the focus of the business Create and maintain ties with the local community Incorporate ethics and honesty in business dealings Assume commitments to society and the local network Promote business with local providers wherever the firm has business Maintain the firm’s original locations Preserve the original location as the decision-making center Maintain the core economic activities that formed the basis of the firm's or igins Maintain the original essence of the firm—firm’s roots 4.6470588235294121 4.3235294117647056 4.1764705882352944 4.2352941176470589 3.7352941176470589 4.4411764705882355 4.2647058823529411 4.382352941176471 4.0294117647058822 3.9117647058823528 4.0882352941176467 4.7058823529411766 4.1764705882352944 4.5294117647058822 4.0294117647058822 4.2647058823529411 4.382352941176471 3.7352941176470589 4.117647058823529 4.0588235294117645 3.8823529411764706 4.3235294117647056 3.3823529411764706 4.0588235294117645 4.617647058823529 4.6764705882352944 4.3235294117647056 4.2352941176470589 4.5 4.5 4.5882352941176467 4.2352941176470589 4.5 4.6470588235294121 4.4705882352941178 4.2941176470588234 4.6764705882352944 4.2647058823529411 4.4117647058823533 3.7058823529411766 3.7352941176470589 3.8823529411764706 3.9705882352941178