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Developing & Implementing a Code of Conduct

The purpose of developing a Code of Conduct has to be established first. Once it is developed in consultation with all the Family Members, it should be implemented in the family as well as business. A Code is always a work in progress. It’s...

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Clarifying Values, Vision and Mission in a Family Business

Three ingredients that lay the foundation for a truly viable multigenerational family business are Values, Vision and Mission. These vital elements will ensure familial harmony and balance and sustain the business through volatile economic conditions, cut-throat demands of the marketplace, and the diverse expectations...

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Developing Next-Generation Leaders

The strategies that would prove effective for developing next generation leaders are explained herewith. 1. Ensure next-generation leaders have job assignments with clear and authentic responsibility, accountability and calculated risk either inside or outside the family business They must be given real time exposure...

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