Business is business – Six pitfalls of family business leadership
First and foremost, family businesses are businesses. Like all organisations they require good leadership. In this article, I'd like to highlight some of the common pitfalls of family business leadership. But first, let's recap what leadership involves. In a previous article, I talked about what leaders do based on a leadership model called the Primary Colours® Model. The model identifies the tasks of leadership, which fall into three domains - strategic, interpersonal and operational. Leaders need to work out where they are going, get all the relevant people aligned around that strategy and create some plans and processes to make it happen. ...
Business is business – Six pitfalls of family business leadership
First and foremost, family businesses are businesses. Like all organisations they require good leadership. In this article, I'd like to highlight some of the common pitfalls of family business leadership. But first, let's recap what leadership involves. In a previous article, I talked about what leaders do based on a leadership model called the Primary Colours® Model. The model identifies the tasks of leadership, which fall into three domains - strategic, interpersonal and operational. Leaders need to work out where they are going, get all the relevant people aligned around that strategy and create some plans and processes to make it happen. ...