A Checklist for Nonfamily Managers

In the current era of frenzied acquisitions, merger mania, downsizing, and belt-tightening, today's disillusioned employees in large corporations are changing careers and companies four or five times during their working years. But many family businesses, once stereotyped as unprofessional, nepotistic, and, for ambitious managers, seen as dead-ends, are now looking better and better.

Rosenbluth Travel, an international travel agency based in Philadelphia with $850 million in annual billings, was dubbed “The Service Company of 1988” by management guru Tom Peters. Chicago's $270 million-revenue Quill Corporation and Oakland, California's $35 million-revenue American Brass and Iron Foundry are as well managed as the best of their publicly held counterparts.

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