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- W1586378009 abstract "This chapter explains a plan to illuminate a successor's path through the example of Greg Bush who looked for the place with the biggest problems and learned the system. A plan is important for any endeavor, but for the successor of a family business it is critical. Being clear about one's personal values, mission, and vision lays a foundation for the successor to engage the management team in creating a vision and strategy for the company that aligns with the values and vision of the family. Differentiation is critical but challenging for family business leaders. A strategic plan keeps leaders pointed true north. It corrects them when they head off course. Values are what help companies walk the walk. The mission gives the values a target. Generally, a mission is constant, and the vision and goals, as outlined in a strategic plan, adjust based on circumstances." @default.
- W1586378009 created "2016-06-24" @default.
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- W1586378009 date "2015-06-17" @default.
- W1586378009 modified "2023-09-26" @default.
- W1586378009 title "The Inner Light" @default.
- W1586378009 doi "https://doi.org/10.1002/9781118932285.ch10" @default.
- W1586378009 hasPublicationYear "2015" @default.
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