|Please address the following topics (approximately 500 words or less per topic):|
Give a brief history of your family business. For example: How was the company started, how has it changed over the years, and how many generations have been involved in the operation, owndership, and management? (Please list all names and related roles)How is your family connected to the business? For example: What is the family’s commitment to the company, and how are responsibilities divided? How does the family balance work with home life? How are your family’s values and beliefs incorporated into your business practices?Identify innovative or distinctive business practices which have helped your family business prosper and grow, where applicable, from one generation to the next. Use specific examples.Describe the impact and success your family business has had in your industry and in Massachusetts. For example: Provide your company’s growth since inception, in sales, employees, profits, number of locations, etc., (financial data is not required). Outline contributions and advancements within your industry.In your view, discuss what distinguishes your family business as a selection for the Family Business Association Awards for Massachusetts 2016.(This question is not applicable to first generation businesses) Please discuss transition from one generation to the next. For example: Has succession from one generation to the next affected the quality of family relationships? Describe the process.Applicants will be evaluated using the information responding to the above questions only. If requested within one year, applications will be returned.
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