When you're "one-up" in the family firm

Article Abstract:

In the new book 'Can This Partnership Be Saved? Improving (or Salvaging) Your Key Business Relationships' the authors Peter Wylie and Mardy Grothe explore the power dynamics in business relationships. The advice given in the book is particularly relevant to family-owned businesses.

Methods

---

Creating a prisoner in your family business

Article Abstract:

A widespread problem in family businesses is a younger brother who is unmotivated or incompetent. This 'kid-brother sysdrome' can be prevented by raising responsible children, setting clear expectations and planning for sufficient liquidity to fund outside business opportunities.

---

Valuing a family firm's uniqueness

Article Abstract:

Massachusetts Envelope Pres Steven Grossman believes that family-owned businesses can be identified by a special set of characteristics: speed, treating employees well, detail-orientation and freedom to participate in activities unrelated to the business.

Column, Speeches, lectures and essays, Grossman, Steven

Similar abstracts:

• Abstracts: NCR posts 24% drop in 4th-period net; cost of fighting AT&T bid hurt results. NCR's stock jumps on news of ESOP plan; traders say defensive move may draw a higher bid from AT&T, force sale
• Abstracts: Databases are plagued by reign of error. PCs start sweeping away business forms
• Abstracts: Women with the right balance. Missing action. The new gender divide
• Abstracts: A share for the staff. Those slippery intangibles. Boardroom dunces
• Abstracts: Should we consolidate finance subsidiaries? Accounting for interest rate swaps. Accounting for deferred charges - Is more guidance needed?

This website is not affiliated with document authors or copyright owners. This page is provided for informational purposes only. Unintentional errors are possible.