Document Type
Article
Publication Date
5-2022
Abstract
All businesses need to prepare for transitions and minimizing related risks. Transitions will occur in ownership and business contexts. They could be related to ‘what-ifs’ – such the sudden passing of an owner or COVID. They could be related to competitive forces – for example, some NSRA members have been more aggressive than others in online sales. However, when you overlap family issues along with business and ownership transition issues, things can get complicated. Also, it’s important to note that every family and every business is different. So, while there are suggested best practices from the family business field, what works well for one firm’s situation may not be ideal for another.
Publication Information
Wittmeyer, Carol (2022). "NSRA NextGen Program: Preparing Tomorrow’s Family Enterprise Leaders." Shoe Retailing Today .
Please note that the Publication Information provides general citation information and may not be appropriate for your discipline. To receive help in creating a citation based on your discipline, please visit http://libguides.sjfc.edu/citations.
Comments
Published in the May/June 2022 issue of Shoe Retailing Today, Copyright © 2022, National Shoe Retailers Association, Tucson, AZ, www.nsra.org. All rights reserved