Family unity unit ownership and ownership support of the business are just too important to ignore or take for grant. We also know that strong performance of the business the ownership group and the family depends on the effective leadership of each group. This shouldn t surprising good performance of any group always depends to a surprising extent on capable leaders.
If boards of directors
Public anonymously own companies didn t lieve that leadership matter so much they wouldn t pay such huge salaries to their CEOs. By the way I don t think they are worth that much but the point is having the right leader does matter. cause there is not only a business but also an ownership group and a family that ne capable leadership a family business system is Kuwait Telegram Number Data much more complicat than other kinds of business organizations. Leading these systems is also much more complicat. Family business systems have a numr of formal leadership roles. lead the business and usually the shareholder group. Family council leaders parents and grandparents are the formal family leaders. These leaders don t make all the important decisions in these systems.
Nor do they provide all the guidance
They don t allocate all the resources. But cause they have considerable authority influence and control over resources we rely on them to do their part in Slovenia WhatsApp Numbers List setting direction and guiding their group. cause the performance of people in these roles is so important to the success of the family business system we ne to understand what capable leaders in family business systems actually do. I ve spent much of my professional life figuring this out.