7 Organizational Culture and Attachment1
Last summer, my colleague, Elizabeth, who works for a publishing house based in the United Kingdom (UK), shared an interesting story with me about the transition of her company to new ownership.
For 60+ years her family had run a fantastic small publishing house. A large United States (U.S.)-based publishing house approached the small family firm with an offer to purchase. The leadership in the family business were approaching retirement age and decided this was a great time to sell. However, they decided to attach a few caveats as part of the acquisition plan. Most important, all employees would be given the opportunity to remain employed with the new firm. After the contract was signed, the leader ...
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