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Research and profile the history and current status of the JM Family Enterprises Corporation. Jim Moran, the man whose name the FSU College of Entrepreneurship is privileged to memorialize, founded one of Florida’s most successful family owned businesses. The enterprise is the Southeastern US distributor of Toyota and Lexus vehicles and parts. The Jim Moran story is exemplary and worthy of emulation. Additionally, the family’s charitable work, through the Jim Moran Foundation – continues its largesse in philanthropic endowments to countless worthy causes. The Jim Moran Foundation serves as a legacy to the Moran family’s enduring global impact for good.
Profile the company by providing background and progression details. Artfully and skillfully tell the story succinctly, without minutia. Detail features of the business as a family owned enterprise. Provide insight to the company’s business model, but primarily research and reference pertinent information about the founding family, company history, family roles and influence from beginning to end. Note the company’s success, failures, challenges and transition of leadership and ownership over generations. Include selective excerpts specific to family dynamics, leadership, management, ownership, financial data, role of non-family members serving on the Board and in management, corporate values, social responsibility, philanthropy and instances where subsequent generations have been and/or will be transitioned into important roles.
Summarize your take-aways, what you’ve learned about family owned businesses in general, and what this particular company/family profile taught you.
Note, the academic basis of this assignment is to research, comprehend and substantially represent – in written form, the factual content of this particular family business. Discern, comprehend and identify the practical, real-world scenarios that are or were operative in this family owned business. Align those examples by integrating the specifics with issues unique to family owned enterprises.
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