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It cannot change with times. Member of family lack initiative because fruits of their initiative will ultimately be shared by other members who may be lazy and idle.
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Therefore, nobody puts in hard labor, which is so necessary for advancement in standard of living. Due to lack of initiative in its members, the economic condition of the joint family goes on deteriorating.
In a joint family the women look after household chores. Thus their talents are wasted and their lives are rendered miserable. The common property is looked after by none and its condition worsens for want of proper attention.
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Family Feuding: 2. Nepotism: 3. Letting Emotions Run the Business: 4.
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Who Will Drive the Bus? Guidance for Developing Leaders in the Family Enterprise Gerard Donnellan
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Download e-book Who Will Drive the Bus? Guidance for Developing Leaders in the Family Enterprise
Video Busy Philipps's 3 tips for surviving the busy holiday season The actor, producer, author, and Instagram sensation shares her best advice for getting through the chaotic holiday period. The development of the next generation of leaders should be an integral part of the strategic plan for the business. Each chapter introduces a family and its business. These cases are fictitious but their challenges are rooted in the experiences of many family businesses.
These families and their stories help introduce the themes which are developed in the remainder of each chapter. It is not easy to develop the next generation to take over or at least play a significant leadership role in the family business.