Across
- 4. An organization in which either the individuals who established or acquired the firm.. or their descendants significantly influence the strategic decisions and life course of the firm.
- 5. A venture operated by a founding entrepreneur.
- 6. The practice of employing relatives in the family firm. (employment to relatives regardless of qualifications.
- 7. Couples teams who own and manage businesses.
- 10. An organized group of family members who gather periodically to discuss family-related business issues.
- 11. A gathering of family members, usually at a remote location, to discuss family business matters.
Down
- 1. A business in which the children of the founder become owners and managers. (Second generation takes over.)
- 2. A statement of principles intended to guide a family firm through times of crisis and change.
- 3. A business in third and subsequent generations when children of the Sibling Partnership take ownership and management positions.
- 8. A group of people bound by a shared history and a commitment to share a future together, while supporting the development and well-being of individual members.
- 9. The exercise of reasonable care in the evaluation of a business opportunity.