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Make Objective Decisions
 

Make Objective Decisions

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Make you family business Objective decision - Not Consensus based decision.

Make you family business Objective decision - Not Consensus based decision.

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    Make Objective Decisions Make Objective Decisions Presentation Transcript

    • NOT consensus based decisions. Make Objective Decisions- www.FamilyBusinessBattleGround.com
      • If you are making business decisions based on a consensus to avoid familial discord, you may be setting the stage for trouble.
      www.FamilyBusinessBattleGround.com Credit:http://angeronmymind.files.wordpress.com/2009/01/j04393321.jpg
      • Do you think your family business has advantages over
      • your larger competitors because you’re more nimble
      • and therefore capable of making faster, better business
      • decisions?
      www.FamilyBusinessBattleGround.com
      • When it comes to operations, family businesses typically
      • do have first-rate decision making skills.
      www.FamilyBusinessBattleGround.com
      • When it comes to other areas – particularly strategy and long-term direction for the
      • family business – decision making abilities erode considerably.
      www.FamilyBusinessBattleGround.com
      • Family businesses in the first generation have one
      • primary decision maker who functions as both owner
      • and general manager of the enterprise.
      www.FamilyBusinessBattleGround.com
      • Family businesses which are beyond the peak earning
      • years of the founding generation make .
      www.FamilyBusinessBattleGround.com
      • Consensus based decision making to please everyone
      • might not be the best.
      www.FamilyBusinessBattleGround.com
      • Putting emotions aside –
      • objective decisions must
      • be made – based on
      • economic and business
      • environment.
      • Sometimes having a outsider or a family business expert
      • helps – mitigate the decision making process.
      www.FamilyBusinessBattleGround.com
    • Be a part of World Class Social Platform- Handle changes in your Family Business. Surviving and Thriving in your Family Business www.FamilyBusinessBattleGround.com