Ziad Makhzoumi
Region: AE
Wednesday 08 May 2024 18:06:53 GMT
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Yaz :
The problem is the founders themselves, they fail to have a succession plan and also fail to adapt to new changes and become too old to accept new norms
2024-05-09 22:31:07
145
Angel :
German Family Business don't fit this narrative, they succeed.
2024-05-19 14:51:00
19
tonyfield572 :
we are well into the second generation, here's hoping we make a third generation going forward.
2024-07-10 11:21:58
1
imoprimo 🇱🇧🇸🇱 :
This subject was my graduation project for my MBA diploma. There is also the factor of failing in designating a successor. You are a wise man sir…🙏🏻
2024-05-12 21:51:01
8
frogskeeper :
True, my dad lost my grandfather's empire and relations when he/brothers took over after he passed away. They knew how to spend money not to make it.
2024-05-10 03:34:30
39
سمير بيك :
I agree either a balanced board or independent businesses for generations to come
2024-05-09 05:08:55
8
user3481612073120 :
Currently on our 6 th generation. Non family Directors vital to the success .
2024-05-10 16:06:15
13
MacRT :
I started a ice cream van and the minute my son took over it all F up
2024-05-11 12:54:46
12
Jack Pot :
The board of directors will crash the business into the ground and walk away with big bonuses
2024-06-19 04:44:39
0
Suman Raj :
So true.
2024-06-21 11:36:52
0
Lorraine Johnsto9220 :
Old saying: First generation makes it, second generation uses it and third generation looses it.
2024-05-16 04:56:27
9
alohaswisscoffee :
I’m into architecture but still run grandfathers coffee roasting business and to be honest I love it!!
2024-05-11 17:37:16
8
tuhin :
Succession plan is vital for the survival of any business, family business in particular
2024-05-12 13:45:43
1
Wealth Mindsettt :
This is truly great. Facts! 🌟💫🎯💰
2024-07-24 16:18:22
0
Abdullah Toks :
Our business disappeared since second generation 💔😔
2024-07-11 21:27:42
0
user5810958079975 :
Murex lived for 35 years and still
2024-05-17 13:26:54
0
King Panda :
The issue is when the silver spoon is handed down from one generation to another, the heirs lose the drive to make the business bigger and better
2024-05-28 11:01:52
0
user1091972872208 :
So if you have a board then it kind of isn’t family anymore. Cargill is a corporation owned privately by the family as an example
2024-06-03 15:28:51
0
RobertB2509 :
Very much True
2024-05-11 18:47:20
0
muhammednauwassan :
🙏👍
2024-05-08 18:15:39
1
Ricky B :
Innovation and flexibility is key to success and longevity of any business. Those who fail are rigid and do not navigate around tomorrows World
2024-07-25 07:10:41
0
john :
true
2024-07-23 12:16:50
0
SherryBerry :
Or because the founder never bothered to transmit then to the children and grandchildren
2024-06-19 09:36:00
0
Georje :
agree this is corporate governance
2024-05-12 12:31:52
4
mansliving :
i agree
2024-05-08 23:04:45
4
Fence & Mesh Supply Chain :
👍🏻👍🏻👍🏻👍🏻👍🏻🥰🥰🥰🥰
2024-06-04 02:26:51
1
Simran 🇬🇧🇩🇪🪯🇮🇳🙏🏻 :
👍🏻💯
2024-05-30 17:10:29
1
Anixceaser :
true.. if the founder thinks new generation will do without not knowing their vision of the founder are in same level or not.
2024-05-11 03:29:18
1
Nzewi Ebuka Henry :
well said sir.
2024-05-10 11:39:49
1
ara :
meaningless... by 3rd generation life is a complete change. 85% must fail, it is a modest figure in fact
2024-05-09 02:25:36
1
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