❖ 4. and do the exercises of the text to consolidate the ss’ learning.
I. Text analysis: Macro-analysis
❖ 1. Style: argumentation
❖ 2. Coherence: Logical connection
❖ [c]. (para.s 16 -18) Establish and maintain family harmony
❖ [d]. (para.s 19 - 22) Plan the estate
❖ Part 3: (paras23---25): Par.23: Transitional par.; conclusion: Necessity to start planning for wealth transfer in a comprehensive manner right now
❖ Part 2: (para.s 5 - 22: body) Four “must” elements of family business transfer
❖ [a]. (para.s 5 - 9) Plan a takeover / succession management
❖ [b]. (para.s 10 -15) Define family employment practices
❖ II. Introduction to the Text
❖
North America, Asia and Western Europe have
been undergoing an entrepreneurial renaissance. The
world is in transition from nations of managers to
❖ 1. understand the main idea of the text: the necessary qualities and abilities that make a good family business owner or something about how to successfully transfer the wealth / business from one generation to the next
Unit Two Family Business: the Next Generation
David Zaudtke Doug Ammerman
❖ Teaching aims:
❖ It is expected that after learning the lesson, the S.s will
❖ [1]. Textual theme: The takeover / succession of family business
❖ [2]. Structure/Plan of the text
❖ Part 1: (para.s 1- 4: introduction) Introducing the idea of the wealth transfers in America ; Par.4: Transitional par.
❖ 2. master the key words, esp. bold-faced words and useful expressions and collocations, correct sentence patterns
❖ 3. identify the technique of making a statement or generalization and then supportingr explanations
succession plan. This article presents four key elements of a successful succession plan, no matter how different the family businesses are from one another. They are: planning for succession management, defining family employment practices, establishing and maintaining family harmony, as well as planning the estate. These are essential to successful wealth transfers. After giving instructive advice regarding each element, the authors conclude that all family business owners must deal with the issues related to wealth transfers in a comprehensive manner well before they actually take place.
of family-owned businesses cannot be successfully
handed over to the second generation, let alone to the
❖ third generation. The reason for the unsuccessful wealth transfer lies in the lack of a comprehensive
nations of owners. It is also reported that the greatest
intergenerational wealth transfer will take place in
America in the next 10 years. Much of the wealth transfer will be in the form of family businesses. However, many of these transfers will fail. Thousands