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This is the second of a two-case series (397-047-1 and 397-048-1). The Case (B) illustrates the continuing development of a family business over a period of ten years from 1986-1996. The joint strategy of internal growth and related diversification by acquisition has been relatively successful. The business is on a sound footing and Robert Taylor family interests are secure. However, doubts do remain as to the correct course for the business with acquisitions seemingly in the past. The case outlines the basis of the no borrowings, steady as you go policy. The concern is that this policy might be too cautious. The case offers the opportunity to debate the arguments for and against this policy.