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Family business leaders looking for a smooth transition to the next generation can start planning today with six guidelines outlined in an ongoing study from Thunderbird's Walker Center for Global Entrepreneurship in Glendale, Ariz. The CEO parent or grandparent plays a pivotal role in this succession process. Thunderbird's research shows that family owner-managers in the United States and the Arabian Gulf share a tendency to be more optimistic than other family members about the business practices and procedures they oversee.
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