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Person-led to Process-driven, Making the critical transformation
Transforming by chance or by choice? It may seem as you read the above, that given the nature of issues with family businesses it is almost impossible for them to transform their intrinsic character and become process-driven. This is not so. It is eminently possible to transform, and I am going to show you the…
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Do’s and Don’ts for professionals in family businesses?
There are many reasons why bright and highly competent professionals choose to work for family businesses over working for global MNCs. One of the most common reasons that professionals join family businesses is to be close to the seat of power. It is the nature of the family business that key professionals get maximum exposure…
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Outside talent inside family
It is a no brainer to say that there is no family in the world that can continue to provide all the knowledge, talent and energy it needs, to fuel the growth and development of their business, indefinitely. Yet it is amazing to see the usual reluctance to bring in outside talent, even when it…
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Career progress for family members
What must they do to progress in their careers? Is anything in this different from what professional managers must do? Short answer: Yes. It must be more difficult, the standards higher, the challenges more exacting because your child is an owner and so must be an example-setter. Also that is how he will gain respect…