Women In Business Presentation Green Team W
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Women face challenges in business such as gender discrimination, lack of access to capital, and difficulty competing for government contracts. They also experience hostile work environments and need to work harder to prove competence. However, in a family business context, women have advantages over non-family members to expand their careers through easier access to mentoring, training and networking opportunities from owners and senior managers. Their earning and status also depends more on their role than on gender. Common strategies for women include seeking mentors, supporting programs, and promoting female traits needed in modern organizations.
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1. Defining family businesses as those owned, operated, and managed by two or more family members, with the family having control over strategic decision making and senior management.
2. The qualities of family businesses include multi-generational involvement and control over voting and decision making.
3. It distinguishes family from non-family businesses and categorizes family control by type, amount, complexity, business setup, philosophy, and stages of control.
Dirty little secrets of family business
The core concept behind Dirty Little Secrets of Family Business is not a “dirty little secret” at all. In fact, it’s an obvious realization: Families and businesses are not the same. The problem (and this is where the “dirty little secret” comes in) is that most under-performing family businesses don’t realize this. Serious problems can occur when you mix family problems with the family business and vice versa. When family members don’t communicate, are under-prepared or overpaid, the family business is destroyed.
The way out of this little conundrum for family businesses is proper planning, but author Henry Hutcheson is focusing on more than a succession plan or family meeting. His goal is to tackle five “traps” that family businesses often fall into. These are problems in:
• Communication,
• Delegation,
• Financial Responsibility,
• Fair Compensation and
• Education.
By addressing these “traps” with policies and procedures, family businesses can steer clear of the majority of relationship-destroying behaviors that plague other businesses.
Happy Reading
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