Interior Craftsmanship, Inc.: Re-Inventing a Small Business in a Struggling Industry Through Succession Planning
Keywords:
Case Study, family-owned business, succession planning, business in distressAbstract
This paper presents a business case of an established small, family-owned furniture repair, restoration, and reupholstery company in northern New Jersey. Data is derived from documented sources as well as from a 2016 on-site study, which included interviewing the principles of the business. This case will focus on the tension that can occur when it comes to succession planning. At the end of this case, we will be exploring the variety of ways a small business in distress might deal with succession issues and lay the foundation for revival.
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