Good work I appreciate your sincerity and skill, keep it up. I would like to thank for this work, good at understanding the subject. thanks

Please make sure to add references and citations throughout the essay #1. Citations in Abstract #2. Citations in Introduction #3. Citations in Background of Problem #4. Citations in Problem Statement #5. and so on . . . #6. Please read the Nature of Study OH sorry this is not related to thsi assignmsnt, please ignore.

ENTREPRENEURIAL PROFILE: Andrew Cornell: Cornell Iron Works Cornell Iron Works, now in its fifth generation of ownership, began in 1828 in New York City as a blacksmith shop before morphing into an ironworks company. (It created the iron base and the spiral stairs for the Statue of Liberty and ironwork for the Brooklyn Bridge.) In its more than 185-year history, the company has reinvented itself several times. During the Great Depression, the company made sidings for sanitation trucks and security doors for buildings, including the Metropolitan Museum of Art in New York City. Today, under the leadership of CEO Andrew Cornell, the company, now located in Mountaintop, Pennsylvania, focuses on a profitable niche, making specialty overhead doors for industrial, institutional, and retail customers.10

Nearly 90 percent of all companies in the United States, about 24.5 million businesses, are family owned. Yet family-owned businesses, those in which family members control ownership and/or decision making, are often overlooked by the media that focus most of their attention on the largest companies in our economy. In reality, family businesses generate 64 percent of the U.S. gross domestic product, account for 63 percent of all employment and 78 percent of job creation, and pay 65 percent of all wages.1 Despite common perceptions, not all family businesses are small; 33 percent of Fortune 500 companies are family businesses.2 Globally, family-owned businesses account for 70 to 90 percent of world gross domestic product (GDP).3 Some of the best-known companies in the world are family owned, including Ford Motor Company, Samsung, Hyundai, Sainsbury, Mars, Marriott, and Wal-Mart. In fact, Sam Walton’s heirs own 49 percent of the stock in the world’s largest company, Wal-Mart, and those shares are worth an estimated $128 billion, an amount that exceeds the GDP of 124 countries in the world.4

CHAPTER 22 Management Succession and Risk Management Strategies in the Family Business CHAPTER 22 Management Succession and Risk Management Strategies in the Family Business When it works right, nothing succeeds like a family firm. The roots run deep, embedded in family values. The flash of the fast buck is replaced with long-term plans. Tradition counts. —Eric Calonius Soul is what drives all of what happens in family businesses, and it is the indefinable essence of a family’s spirit and being. Soul is not something that can be measured or quantified, but it is easily recognizable by both its presence and its absence. —Tom Hubler Learning Objectives On completion of this chapter, you will be able to: 1. Explain the factors necessary for a strong family business. 2. Understand the exit strategy options available to an entrepreneur. 3. Discuss the stages of management succession. 4. Explain how to develop an effective management succession plan. 5. Understand the four risk management strategies. 6. Discuss the basics of insurance for small businesses.

Cover page, Introduction, Thesis statement, Purpose of paper, Overview of paper, Body/Findings/Lessons learned, Conclusion - Summary of main points. COURSE TEXTBOOK: Entrepreneurship: Successfully Launching New Ventures, 5th Edition Print