Abstract
When leadership and ownership of a business move from the founder to next-generation siblings, the enterprise doesn’t just change hands. It often moves from being an entrepreneurial, informally run business to one that needs more formal structures, systems, and procedures. This formalization is often referred to as “professionalization.”
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© 2011 Family Business Consulting Group
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Aronoff, C.E., Astrachan, J.H., Mendoza, D.S., Ward, J.L. (2011). Creating the Right Environment. In: Making Sibling Teams Work. Family Business Leadership Series. Palgrave Macmillan, New York. https://doi.org/10.1057/9780230116153_7
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DOI: https://doi.org/10.1057/9780230116153_7
Publisher Name: Palgrave Macmillan, New York
Print ISBN: 978-0-230-11108-0
Online ISBN: 978-0-230-11615-3
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