Landscape Plus

Steve Gaklis

Chapter 15 in Case Studies in Family Business, 2024, pp 169-182 from Edward Elgar Publishing

Abstract: Peter Henley founded and grew Landscape Plus into a six-division company tied to horticulture, but his children - Lee, Jenny, and George - don’t subscribe to their father’s sales culture and strategy for growth. The younger generation wants systems and controls in place to improve or eliminate perennial problems in theft, waste, margins, growth, and high debt levels, which not only plagued the family business but also plagued local banks. But the siblings do not agree on specifics, and George and Jenny resist Lee’s attempts at systems and controls. They often express their resentment in company meetings and behind Lee’s back. Eventually, local officials and bank regulators knock on Peter’s door to seize the business and the personal assets he had pledged to secure loans for Landscape Plus. It appears his quarreling family had led his family’s business to a disastrous end.

Keywords: Business and Management; Economics and Finance (search for similar items in EconPapers)
Date: 2024
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