By the third generation, if the family continues to…

By the third generation, if the family continues to own its legacy business, family members usually transition from family operator/leaders to board and governance roles. Family members might also be employed but ascending to business leadership is not assured.

— from Family & Parenting (Family/Parenting)

Also belongs to

• Leadership & Business (Leadership/Business)
• Legacy / The Logbook (Legacy/Epilogue)

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