A Fourth Generation Family Business

The current team should allow a picture in management as the business require focus on key sectors much(prenominal) as administration and finance, customer fulfillment and operations, sales and marketing. Such needs a family member who have skills and emotional about making the family business an asset worth preserving. Senior generations should have transfer plans to the junior generation in the family much(prenominal) that ownership is not lost. This leave alone likewise help in solving issues such as technical mistakes, planning in some vacuum and the challenge of treating children equitably.Therefore, the current team should eventide a plan to specify who is to step into the business, especially in responsibilities such as ownership, management and leading among others. 2. The management made the decision because they want to solve some particular problem that they either dont have the time or the expertise to solve. Therefore, consultants will be the best to solve the p roblem of training and also implement the solutions. Consultants may also help the management team to define the problem they encounter and attend to them reach their own conclusion.The involvement of the outside consultants does tot move Graters from its roots as a family business. This is because the consultants will be brought in to solve some problem in the business. This will help in the glossiness of harmony. The many skills that come into play in helping the family business involves traffic with the family issue and also dealing with the business issue. 3. I do agree with the Graters decision to stop franchising. The main core of GreaterFranchising manufacturing sectors also owes real risks for the Graters, and this is also because the customers will know that it is a franchise. Stopping franchising will also help in having the genius of the name of Graters. It also helps Graters management to work and make the product branding and advertising. It allows them also to pur sue the nationally distribution through some large networks of supermarket chains and grocery stores. The Grafters will not have problems such as the reaction with the stock markets, as they will take actions themselves.