Ego: The Silent Killer of Family Businesses A Family businesses have special strengths, like shared values, a focus on the long term, and a strong sense of unity. But even these kinds of businesses can have problems on the inside, and ego is one of the most dangerous ones. Family relationships and the success of …
Entitled to work in the family business Family enterprises have long been an important element of the global economy, helping to create jobs, build the economy, and accumulate wealth. The topic of whether the position in the family firm should be considered an entitlement for the following generation remains a sensitive one in many organisations. …
Family businesses are the most popular type worldwide, although few survive into the second or even third generation. Why don’t there seem to be more of them? Problems with succession planning, family strife, and a lack of entrepreneurial energy among the younger generation are the most typical factors. The big question is – what steps …
Sibling rivalry can be a complex and pervasive issue in family companies, with far-reaching implications. If not addressed in time, it can spread over generations, harming both the business and family dynamics. Families can address issues and establish peaceful and lucrative family enterprises by understanding the negative consequences of sibling rivalry and the benefits of …
Failure and adversity are often seen as negative experiences to be avoided, particularly for children from successful family businesses. Most of the time out of parent’s overprotective attitude and the fear of how their offspring can fail – parents constantly push children to act as per their way. In this effort, we miss the point …
Failure – An essential tool for grooming Next Generation Leaders Read More »