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Smucker's success: Keep it in the family
Oleh:
Gunther, Marc
Jenis:
Article from Bulletin/Magazine
Dalam koleksi:
Fortune vol. 162 no. 3 (Aug. 2010)
,
page 68.
Topik:
Smucker
;
Family-run businesses
Ketersediaan
Perpustakaan Pusat (Semanggi)
Nomor Panggil:
FF16.43
Non-tandon:
1 (dapat dipinjam: 0)
Tandon:
tidak ada
Lihat Detail Induk
Isi artikel
Family-run businesses don't always work out in the long haul. Some of America's most iconic companies -- Ford, DuPont, and Procter & Gamble, to name three -- started out as family enterprises. But before long, perhaps a generation or two, or sometimes sooner, the professional managers moved in. Then there is the J.M. Smucker Co. In 1897 an Orrville, Ohio, farmer named James Monroe Smucker began selling apple butter from the back of a horse-drawn wagon. The company has had five chief executives, all named Smucker -- J.M. (1897-1947), his son Willard (1948-60), his son Paul (1961-87), and since then Paul's sons Timothy and Richard Smucker, who share the job. Fifth-generation cousins Mark Smucker and Paul Smucker Wagstaff, both division presidents, are now waiting their turn.
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