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In the following we present three family firms. Each one represents a prototypical type of family firm, namely the owner-managed family firm, the sibling partnership / cousin consortium family firm, and the family enterprise. In reading through the three case vignettes please ask yourself for each one of the firms the following questions:
1) What are the advantages and the challenges of the chosen structure?
2) What kind of governance solutions/precautions do you suggest to tackle the challenges?
3) What challenges do you foresee with regard to succession?
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