Thursday, September 18, 2014
လုပ္ငန္းငယ္မ်ား (Drucker)
Why Successful Small Family Business Fails?
မူလလက္ေဟာင္းဆိုင္ခြဲမရွိ
ငါမေသေသး ဘယ္လို
Better first
The best later
System first, rule of thumb never
The business of business is business
The family business' business is also business
You can, if you afford
The cost is too much
Management and ownership
The simple business environment
The structure is much like spider-web even it is in the form of Greek temple
The spider's family
Ownership and Corporate Officer
Ownership and Corporate Director
Man - U and Chelsea
Race car owner and driver
Microsoft
Steve Job and Apple
At least as able as any non-family member and work at least as hard as
Equally simple - inside outsider To staff key position with non-family professionals
Full citizenship
Entrust the succession decision to an outsider
Family managed business is not family It has to be business.
Levi Strauss a century and half ago
DuPont since 1802
Rothschild the world premier private bank
Public own and professionally managed company the courses are about
No differences between
Survive and prosper
At least as able as any non-family member and work at least as hard as
Pay cheaper not to come to work
Family members are always
Resented by non family co-workers
Capable non family people will not stay
The left ones are courtiers and toadies
Most CEO knows this to be too clever
The title is mere formality her mother
Everybody knows you are in charge including him the appointed one
You will work directly with me
This makes worse
Mediocre
Authority and responsibilities
Intrigues and politicking
DuPont way - entitle to an entrance job
Five or six years 4- 5 seniors review - eased out
Equally simple -
No matter how many, how effective - one top job is always filled by an outsider
Financial executive or Research head - technical matter
Marketing or Personnel
Levi's CEO - non family member is COO
Stay away example - who never mixed family and business
The world's oldest - Mafia - Sicily and US - Godfather
The consigliere - the lawyer - the second most powerful - non family member
Full citizenship
Rothschild - a million dollar - to partnership -
Georges Pompidou - Charles de Gaulle
The former three is meaningless if - management succession -
Business needs and family needs collide
Two brothers - many examples -
Entrust the succession decision to an outsider - no part of family and business
Benjamin Disraeli, the great Tory prime minister, Rothschild in 1880
Don't be too late
Faints from Italy
Ownership and management
The controlling word in family business is not family it has to be business
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