Ferre Media Group Case Study Essay Example

grandchild took a higher place with the company that would be unjust. Merely because they have the last name “Ferre” doesn’t mean they will take the company to its full potency.

Once this has happened. Antonio Ferre needs to concentrate on the hereafter of the company and how the future household members and non-family members will do it successful. Antonio foremost needs to advance leaders to take over what he will be go forthing. Once this has been established. he needs to explicate how he operated a successful company for so many old ages. This is of import because he would be around to assist or set up any regulations or constructs. The leaders of the company demand to get down thought in a manner that will do the full company successful and just. This being said. possibly Antonio should engage on at least one non-family leader for the company. This manner there is person at that place that isn’t internally bound and can do a determinations based on their ain thought and non influenced by other household members. This could besides take to farther successes in different parts of the universe. A household might desire to remain together in the same topographic point where as a non-family member might be interested in the thought of spread outing the company elsewhere.

In decision. I feel like if Antonio makes all of these alterations he will be in a good topographic point to do a passage into retirement. He needs to do certain all the grandchildren get college grades and get down with the concern at entry degree or acquire some experience. He needs to do certain that

he hires the right people to take over his place and take the company to success. Last. he besides needs to do certain his passage from CEO to mentor or retirement go’s swimmingly. If these things happen the Ferre Media Group should be in good custodies.