How to make better decisions

Article Abstract:

Family-owned businesses vary in decision-making styles, but a survey showed that 34% use an entrepreneurial approach and 48% prefer to reach a consensus among family members. All styles have advantages and drawbacks but no one style works best. Suggestions for better decision making are presented.

Decision-making, Decision making, Surveys

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Reducing the risks of family-business growth

Article Abstract:

Families need to establish goals, and solidify intra-family communication on management issues, especially concerning the occasional strategic need for borrowing money. The growth that results from such planned expansion will then be easier to manage.

Finance, Small business, Growth companies

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Making co-CEO arrangements effective

Article Abstract:

Having co-CEOs rather than a single chief executive officer is a growing trend for family businesses. For the arrangement to work, the CEOs must decide on decision-making responsibilities and make important decisions together.

Chief Executive-Functions, Chief executive officers, Executives

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