challenges of changing a Family business into a corporation


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The main focus of the thesis proposal is all about change management. I had my master’s specialization in Management Consulting. My topic is changing a family business into a corporation. I need this paper to outline all the difficulties when a new breed of educated individuals enter a family owned business, what problems they are faced with? Clashes of ideas? Discussing the new education, new ideas, new company culture, business processes etc. how hard it will be to implement? What factors to overcome? How to decentralize decision making? How to change company objectives? Goals? Implementation of new business processes that will ease the natural flow of business. All these need to be supported by theoretical frameworks, (Change Management).



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