By Neil N. Koenig
Whilst kin and company meet, the end result should be nice gift and pride or nice stress or even larger heartache.
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Extra resources for You Can't Fire Me, I'm Your Father
Sample text
If I didn’t, I’m afraid all hell would break loose. My tombstone will read, “Here lies Mr. Buffer. ” Some career, huh? This litany of privileges in no way implies that all family businesses indulge in self-serving behavior at the expense of their success. ” Although the extreme of this advice is for long if family equally problematic (discussed in chapter 5), it privileges sap is clear that family businesses can be rough its potential. places to work for family and nonfamily employees, especially when family matters interfere or overwhelm business matters.
My sister and brothers, who joined the company right out of high school, had a fit. They had no intention of working any differently than before. Our employees are willing to make the necessary changes—but not my own family members. They’re in it just for themselves, expecting the business to take care of them. They’re my biggest challenge. The rest of the business is easy. —TOM, AGE 33, PRESIDENT/CEO, INSURANCE AGENCY T P DRUCKER, THE MOST INFLUENTIAL THINKER ABOUT business and management this past half century, makes it crystal clear that the business of a family business is business.
Unlike anyone in management, employees have intimate working knowledge of the day-to-day details on which delivery of products and service to customers depend. Too many Employees realize what is needed where the family businesses rubber meets the road. Employees also have that are not run more information at their disposal, thanks to as businesses technology. Further, it is too slow and costly to tend to have wait for the chain of command to decide or an “us versus solve something. What all this adds up to for successful companies is the practice of runthem” approach.