Family business governance
Subtitle: maximizing family and business potential
By: Craig E. Aronoff and John L. Ward
Contributors: Ward, John L., 1945-
Series: Family business leadership series
Publisher: Palgrave Macmillan
Published: 2011
Place of publication: New York, NY
Language: eng
Number of pages: 94
ISBN-13: 9780230111066
Notes: Originally published: Marietta, GA : FBCG Publications, c1996.
Table of contents: title: Excellence at your vocation, from homemaking to investment banking : excellence at any vocation requires hard work, high standards, expertise, and education : excellence earns respect; title: Flexibility in your views of difficult issues : that means you have the ability and desire to listen to other points of view, an ability to empathize, and an understanding that you aren't always right : open-mindedness reduces defensiveness; title: Literacy in business language and the characteristics of your industry : family members who are willing to hold themselves accountable to the business will learn how to interpret financial statements, judge competitors, and keep up with business trends : literacy eases communication; title: Preparedness to understand business concerns : this means a willingness to do your homework and to study and understand the information you are given by management; title: Trust in management : family members' trust in experienced, talented managers makes it easier for management to institute constructive changes, innovate and take the risks necessary to running a successful business : the more trusting family shareholders are, the greater is their capacity to strengthen the business : trust makes teamwork possible.