Tico has the right ownership form of business

Reference no: EM132434930

You have been hired to help Lee in developing his business in the future. Write a memo to Lee answering the below questions and help give him constructive advice on the continuing future of Tico Manufacturing. The memo should be typed and maximum length of 2 pages. Remember to look at the Exhibits in the case.

1. Describe why management succession so important in a family run firm and what are the options that Lee has in the family succession.

2. What are some of the pitfalls that face Tico as a family run business.

3. What problems might face the company if one Lee suddenly dies.

4. Do you think that Tico has the right ownership form of business?

5. Put yourself in the role of the consultant to Lee. Discuss what advice you would give Lee in helping Tico continue as a family business. Identify what if anything should Lee do differently.

Attachment:- TICO MANUFACTURING.rar

Reference no: EM132434930

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