Familienunternehmen verstehen

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"Family businesses are the archetype of all business activities. Since family businesses provide even today about 70 percent of all jobs in Germany, most people know these structures from their own experience," writes Jon Baumhauer, the chief executive of the family holding of the Merck Group, in his Preface to this volume. The special thing about family businesses is that the persons involved are simultaneously members of family and firm. These two systems overlap with their very different emotional and rational logic, and sometimes put their decisionmakers in situations that are impossible t...