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Introduction

This paper will review the challenges facing privately owned architecture firms in today's consolidating competitive environment where the traditional internal ownership transition/leadership succession programs face numerous hurdles. This discussion will explore and compare the alternatives processes of sale/merger or firm closure facing the leadership of a firm and the factors to consider when determining a course of action.  This paper is divided into five sections: 

  1. Challenges;
  2. Alternative Courses of Action;
  3. Sale or Merger;
  4. Firm Closure; and
  5. Conclusion.

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