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Family Business Leadership Protocols

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Few careful steps to help a lot in maintaining the peace and decorum of family business.

Few careful steps to help a lot in maintaining the peace and decorum of family business.

Published in Business , Education
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  • 1. FAMILY BUSINESS LEADERSHIP PROTOCOLS www.FamilyBusinessBattleGround.com
  • 2. www.FamilyBusinessBattleGround.com In family business the set of protocols vary since there is an additional variable - The family members http://www.istockphoto.com/file_thumbview_approve/7835996/2/istockphoto _7835996-happy-business-people-standing-together.jpg
  • 3. www.FamilyBusinessBattleGround.com Rules need to be set in order to improve the functioning of the business.
  • 4. www.FamilyBusinessBattleGround.com which can be beneficial in the long run for a family business Here are some practical ways
  • 5. www.FamilyBusinessBattleGround.com The employment level of each family member needs to be well defined. 1 So the responsibilities are adhered to and the consistency and stability is maintained.
  • 6. www.FamilyBusinessBattleGround.com The conditions and expectations are known, Then weight of underachievement and entitlement mentality can be avoided. 1 http://www.tlc-concierge.com/IMG/iStock_000004085850XSmall.jpg
  • 7. www.FamilyBusinessBattleGround.com Position of seniority should be purely on the performance and own merits. 2 Thus the employee must be qualified and efficient enough to carry out their responsibilities and exercise rights.
  • 8. www.FamilyBusinessBattleGround.com 3 The standards set for family members should be higher than other employees.  As they have a personal interest in the organization and profit will collective being laurels to the family. http://forex-myguide.com/wp-content/uploads/2008/09/forex-news-791466.jpg
  • 9. www.FamilyBusinessBattleGround.com 4 Sensitive family related issues should not surface during business discussion. if they do they should be solved amicably.
  • 10. Thus a few careful steps will help a lot in maintaining the peace and decorum of family business. Bringing huge rewards to the business as a whole.  www.FamilyBusinessBattleGround.com
  • 11. www.FamilyBusinessBattleGround.com Be part of a World Class Social Platform - Handle changes in your Family Business. Surviving and Thriving in your Family Business