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The Pierre part store a study case, discussion questions; (3) In class we identified and discussed three types of family business ownership - Controlling Owner, Sibling Partnership, and Cousin Consortium. Trace the ownership structure of the Pierre Part Store through the first three generations of the business and predict the form of ownership structure of the fourth generation. Discuss possible positive and negative ramifications of the different forms of family ownership in each generation. (4) Research reports that a fourth generation family business has only a three to five percent survival rate. On the family side, what are some of the factors that have led to the survival of The Pierre Part Store into the fourth generation? (5) The case ended as Gerald St Germain posed the question, "How can we pass the business on without costing the children an arm and a leg?" In other words, what steps can the third generation leaders take to enable the succession to the fourth generation to occur at The Pierre Part Store? How and on what basis, should the incumbent generation leaders select the fourth generation family business leaders