Abstract
In this chapter the reader will be able to decide his or her future strategy for the family business, by weighing up the possibility of remaining within the current model or evolving towards another more suitable family business model. In the event of opting to evolve, we suggest the appropriate process of strategic change.
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Notes
A balancing loop is an effect generated parallel to any positive development. Thus, for example, an increase in the competitiveness of a firm will cause a rise in wages, which in turn will have a negative effect on competitiveness (P.M. Senge, The Fifth Discipline: The Art and Practice of the Learning Organization, Currency Doubleday, New York, 1990).
This procedure was proposed by Van der Hayden et al. (L. Van der Hayden, C. Blondel and R. Carlock, ‘Fair process: striving for justice in family business’, Family Business Review, vol. 18, No. 1, pp. 1–21, San Francisco, 2005)
R. Fischer and W. Ury, Getting to Yes: Negotiating Agreement Without Giving In, Penguin, New York, 1991.
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© 2010 Alberto Gimeno, Gemma Baulenas & Joan Coma-Cros
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Gimeno, A., Baulenas, G., Coma-Cros, J. (2010). Family business management. In: Family business models. Palgrave Macmillan, London. https://doi.org/10.1057/9780230282148_5
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DOI: https://doi.org/10.1057/9780230282148_5
Publisher Name: Palgrave Macmillan, London
Print ISBN: 978-1-349-31963-3
Online ISBN: 978-0-230-28214-8
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