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January 2024

The Transformative Power of Job Role Change in Family Businesses

The Transformative Power of Job Role Change in Family Businesses

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Family businesses, which are often distinguished by a distinct blend of personal and professional dynamics, face a slew of difficulties in maintaining harmony and productivity. One of the most serious problems that plague such businesses is the tendency for individuals to become deeply entrenched in their specific job roles and functions, resulting in a lack …

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Moving From an Accommodative to a Performance Culture in Family Business

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Family businesses, which are often based on the founding members’ values and traditions, face a unique set of challenges as they evolve and grow. Limited resources force these businesses to rely on family members and employees with varying skill levels at the start-up stage. This necessitates an accommodating culture in which performance lapses may be …

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Strategic Planning

Strategic Planning – Is it Strategy or Planning or both?

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The business world’s tendency to use the terms “strategy” and “planning” interchangeably poses a dilemma for companies striving for market dominance. To help you succeed in today’s cutthroat business environment, we’ll break down the complex link between strategy and planning and look at the reasons why the old-fashioned yearly planning model might not cut it. …

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