Buy custom Family business:Challanges and Opportunities
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| Topic: |
Business
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| Number of pages / Number of words: |
10 / 2599 |
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On the other hand, relatives involved in daily operations may judge those matters from the viewpoint of marketing, operations, and personnel necessary to make the firm successful.
A related problem can be the incapability of the family members to make objective decisions about one another’s skills and abilities...
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Unfortunately, their quarrels and ill feeling may spread to include non-family employees. One possible solution is to convince family members, as well as non-family employees, that a profitable leadership serves their interests.
Another problem comes from the fact that family managers may feel it is necessary to clear routine matters with the top family member...
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