CASE

 Essay regarding CASE

Owning a Family Business

The Vega Food Company

March 18, 2014

The Vega Foodstuff Company circumstance is about the Valle family members. Franciso Vaguada Sr. was the entrepreneur-owner of Industrias La Vega, he was married to Isabel together they had 6 kids. Five of their kids are ladies Rosa, 47; Ana, 42; Maria, 37; Tere, thirty-three; and Mari, 27 one son Franciso Jr., 45. Franciso Sr. died in 1994 and left Franciso Jr., since his successor. Before Franciso Sr. exceeded, Franciso Jr. was the Director of the firm. Franciso Junior. had work in the company for twenty years ahead of his daddy demised. " Industrias La Vega is known as a Spanish meat-processing business created hams, meat, and other delicacies…. ” Just before Franciso Sr. death, this individual ran for the Senate seats and gained at the age of 72 years fresh. Franciso Sr. also known as Franciso Junior. as his successor pertaining to his Senate seat if perhaps anything may occur to him. Franciso Junior. took his father's put in place the United states senate until there was a permanent alternative. Franciso Junior. had done a great job inside the Senate, although his sisters did not consider he can have the same success inside the family business. Mari acquired her very own reservations about her close friend leading the family company. She got total hope in her father but not her close friend. Franciso Junior. and Tere were the sole two that worked in the family organization. Tere had joined the company a few years ahead of her dad's demise. Franciso Jr. acquired sponsored the first friends and family council in February 97 since there are so much concern on how the company was went. Franciso and Tere picked the family-business advisor who facilitated the family council meetings. The advisor had private meetings with each family member singularly. Each loved one expressed all their concerns to the advisor regarding the family members business. The first getting together with goals and behavior best practice rules were collection. They selected top two priorities: (1) the lack of clearness and business in the title structure, estate plan, and financial...


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