This experiential exercise is designed to enhance student learning about the four parenting styles and how they affect the dynamics within the family firm.
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Leaders must think about not only how much to pay managers, but also whether all should receive equal pay, whether merit plays a role, and how non-family executives should be compensated.
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Successful, long-lasting business families share an understanding of what is important to them, what they want to do together, and how they want to work together to achieve their collective goals and vision.
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