The ‘business is business’ mindset can be a problem in a family enterprise. The family dynamics factor in a family business is strength and a weakness, an opportunity and a threat. Six best practices are proposed.
Family Business Boards Crucial to Decision Making
There is a delicate balance between family and business in decision making. So, what processes can be installed to examine those decisions and offer the best outcomes? Boards offer a process and structure that should offer the ability to improve decision making. First in two-part series.
Two Key Questions – one for Owners and one for Managers
“Is the business for sale?” and “Whose decision is it?” are two questions that deserve deep understanding for family businesses to be successful.
How to Avoid “GroupThink”
If you are a family business the groupthink theory has to scare you. Can groups get to good decisions if the main goal is harmony and conformity?
