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To Mumbai with Love: Exiting the Family Firm

Vanessa M. Strike; Alykhan Alidina;

商品編號:9B16M159
出版日期:2016/09/23
再版日期:2016/09/23
商品來源:Ivey
商品主題:Entrepreneurship; General Management/Strategy; International Business
商品類型:Case (Field)
涵蓋議題:family business;succession;exit strategy;real estate
難易度:4 - Undergraduate/MBA
內容長度:12 頁
地域:Canada
產業:Real Estate and Rental and Leasing;
事件年度:2015

It was the summer of 2015 when the son of a family-owned real estate business in Vancouver was struck by love and decided to follow his heart to India. However, leaving his family’s business was easier said than done. The family had no formal documents that provided members with an exit strategy or remuneration. There were no wills or financial plans, and whatever money was available to finance a move abroad was tied up in the family business, which was operating at a loss. At stake was the pending sale of a commercial property that could inject nearly $3 million into the family’s coffers. Before leaving, which short- and long-term issues needed to be addressed to ensure the business and the family estate were prepared for the future? How should the family move forward when faced with the realization that the children might not be interested in taking over the business?

教學手冊:8B16M159;
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