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| Definitions --- Family
Business Terms |
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- Stakeholders include present
owners, future owners, and their spouses; key non-family employees;
and key suppliers and customers.
- Family Enterprises may comprise
an active business, holding companies, investment portfolios or
trusts.
- The extended family typically
consists of all the living generations and may encompass three
to four generations.
- A genogram is
a graphic chart that shows both basic and advanced aspects of
the relationships between family members, both within the family,
and within the organizational chart for the firm.
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