Managing the Family Business: Leadership Roles
This Harvard business school article discusses the importance of having a well designed leadership roles. The article states that poorly designed leadership roles will lead to failure as it affects the decisiveness and unity needed for long term performance. The article uses the same Brazilian family business as an example as in the previous article to show systems of how to lead, manage or govern the business. Well structured leadership roles does help businesses be more untied and decisive but is the system the business is managed in any less important than how its lead and governed?
as stated in the government family owners who run the business might not decisive enough with other family members and that could lead to failure. a professional management team should be considered to manage the business and that might be more profitable and efficient. however,the three dimensions of family business (ownership, family, business) might clash and raising tensions within a family, if the owner decides that family members are not capable of succeeding and gives the management to professionals. That dilemma should be considered
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