After the merger took place, is the point that there was a change in how everyone was working with each other (through having less conflict among different parties). Over the course of time, this resulted in the firm receiving favorable distinctions from these activities. These elements are showing, how succession issues can have a major impact upon the assets of family businesses. This is from divisions surrounding direction and who will control the firm in the future. (Carlock, n.d.)
Conclusion
Clearly, one of the biggest challenges facing most family businesses is strategic direction and succession. This is because the different family members want to be able to have control of select assets (despite a will that is in place). When this happens the odds increase that there will be more litigation surrounding these issues. In the future, this means that the business could suffer from these challenges. It is at this point, that a firm can lose its dominance and influence from infighting among family members. (Carlock, n.d.)
In the case of the McNealy's,...
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