Family Business Profile Part C

• Upload the Required Information for Part C (see below) in Microsoft Word using the template provided.  Click here for Part C Template.   When submitting your profile part, avoid including the required information headings below.  Otherwise, your Turnitin similarity score will reflect this duplicate information.  See Turnitin requirements below.
  
  • For each Family Business Profile part, your similarity score must meet a threshold of no more than 20%.
  • Parts with greater than 20% similarity must be revised and resubmitted to Turnitin as many times as needed until the 20% threshold is achieved.
  • For resubmissions, it may take up to 24 hours for a new similarity score.
  • It is the student’s responsibility to allow enough time for resubmission of their part to Turnitin if their initial report did not meet the 20% threshold.
  • Profile parts with more than 20% threshold will receive a zero.

Required Information for Part C:

1. Generation Status: Generation operating company; how many generations currently in business; presence of extended family members
   
2. Company Address and Website Address
3. Family Story: Who family is, why and how it started business; what family stands for
   
4. Year Founded & Timing: When company began; how timing was right for business
   
5. Company Values
   
6. Number of Locations and Industry
7. Community Involvement: Activities engaged in to give back to community and build goodwill
   
8. Marketing Strategies: Use of "family" status in marketing and, if so, how; primary promotional strategies and outlets
   
9. Competitive Advantages
   
10. Number of Non-Family Employees/Managers: Techniques to make non-family members feel included
    
11. Succession Planning: Succession plan developed or not; strategies used to prepare next generation leaders
    
12. Future Family Business Goals
    
13. Impression of Family Unity and Cohesion (use interview information to explain answer)
14. Identification and impression of Family Governance Mechanisms (use interview information to explain answer)
15. Identification of Greatest Family Business Challenges (use interview information to explain answer)