Running companies the family way
Article Abstract:
There is a wide variety of family firms in the UK, though larger family firms are becoming scarcer due to takeovers and the increased importance of professional management. Yule Catto and Cadbury are well-known United Kingdom family firms. Family companies often have a family boss with a professional occupying second place. Surviving family firms argue that the new generation is only able to rise to the top on merit, but handovers become more difficult in terms of convincing stockholders, each time they occur.
Publication Name: Investors Chronicle
Subject: Business
ISSN: 0261-3115
Year: 1998
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Starvation diet stunts corporate growth
Article Abstract:
Research by AT Kearney on 200 United Kingdom companies that have formed part of the FTSE 100 index in the 15 years to 1999 points to a need to focus on growth. Turnover of the index has been table between 1984 and 1997, while operating profits have increased by 100% and resources have increased by a half. Efficiency drives and downsizing have created an anaemic sector that no longer knows how to grow. Companies need judgement on where to direct growth and should exit markets which do not offer good returns.
Publication Name: Investors Chronicle
Subject: Business
ISSN: 0261-3115
Year: 1999
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