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The Professionalization Process: The Dennis Family Corporation Case, Justin Craig, Ken Moores

Justin B. Craig

Bert and Dawn Dennis were faced with a decision that had to be made and they could not make it on their own. They called a family meeting. They asked their four adult off-spring to decide whether they would prefer them to sell the business that they had built over the past 25 years and divide the funds equally between them or whether the children would prefer to amalgamate their associated businesses with the parent company and take on the challenge of professionalizing this new entity. The four members of the second generation expressed unanimous desire to amalgamate and “make …