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Italian Family Agreements And Business Continuity, Cinzia Vallone
Italian Family Agreements And Business Continuity, Cinzia Vallone
Cinzia Vallone
Italian family firms comprise 80% of all business enterprises belonging to all economic sectors and their main distintive feature is the founder’s will to transfer ownership and management to the heirs so that family traditions are transmitted together with corporate values. Less than half of all family-owned firms, however, survive into the second generation and less than a fifth are still viable into the third generation. The risk of a failure in generational transitions is linked to many variables often operating jointly, as for example: - lack of a clear succession plan; - lack of agreement among stakeholders; - lack …
Razionalizing Administrative Processes In Terms Of Efficacy, Efficiency And Cost Effectiveness, Silvio Modina, Roberta Zanotti
Razionalizing Administrative Processes In Terms Of Efficacy, Efficiency And Cost Effectiveness, Silvio Modina, Roberta Zanotti
Silvio Modina
Among business achievement criteria we must also consider organizational functionality and administrative rationality, based on developed professional skills, investments in convenient information technology, reduction of costs and number of required operations. The authors propose some examples and describe a virtuous path of management optimisation, in terms of efficacy, efficiency and cost effectiveness.