Subject category:
Production and Operations Management
Published by:
Ivey Publishing
Version: 2002-09-03
Length: 17 pages
Data source: Field research
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Abstract
During a short vacation, the owner of Rae and Jerry''s Steak House read a book on family businesses that prompted him to think of succession planning for his own company. His daughters, ages 21 and 17, were not yet ready to take over the business and he was not sure that they would be interested in doing so. He would also like to reduce the number of hours he spends at the restaurant to spend more time with his wife. He must assess his options and develop a reasonable plan of action.
About
Abstract
During a short vacation, the owner of Rae and Jerry''s Steak House read a book on family businesses that prompted him to think of succession planning for his own company. His daughters, ages 21 and 17, were not yet ready to take over the business and he was not sure that they would be interested in doing so. He would also like to reduce the number of hours he spends at the restaurant to spend more time with his wife. He must assess his options and develop a reasonable plan of action.