Post by arfangj5 on Mar 13, 2024 1:07:00 GMT -5
They do not otherwise have a direct interest in the progress of the concern as much as the family connected CEOs have. ALSO that the latter would generally not be fired and rather defended by the relatives on the Board. We have examples of insider related professional CEOs in family owned businesses Reliance group for example. They are totally attached and work whole heartedly for the success of their concerns.
They may not be always visible on their desk but are busy with the interests of their concerns all through. BABOLOKI BONIFACE REETSANG GENERAL MANAGER BENEFITS ADMINISTRATION BOTSWANA PUBLIC OFFICERS PENSION FUND The study revealed some important management issues however in my view Bank Email List the reason why family CEOs spend less time at work than professional CEOs is because they are answerable to themselves. The fact that they own a stake in the business means that whatever little time they spend at work they try to maximize the returns. I strongly believe that you don t have to necessarily spend more time at the work place in order to produce tangible results. You have to work smarter not harder. ANGELA ALLEN VP TECHNOLOGY FIRM The difference in hours worked by Family CEOs and Professional CEOs is very small.
Could you tell if any of the Family CEOs were conducting some business with family at non business events or locations For example in a family room discussion or at home over dinner. More available hours at work doesn t necessarily translate into more productive hours for work. For the increase in business productivity to get . increase in sales over five years there may be other ways to get this done other than by having the family CEO work more hours. MANAGEMENT CONSULTANT CHEMICALS AND METALS While the results of the study are probably valid it is a reach to conclude that more time on the job is the reason for better performance. I agree that the study shows that family businesses run by non family members perform better than family businesses run by family members. Based on my own experience there are many reasons why this is true.
They may not be always visible on their desk but are busy with the interests of their concerns all through. BABOLOKI BONIFACE REETSANG GENERAL MANAGER BENEFITS ADMINISTRATION BOTSWANA PUBLIC OFFICERS PENSION FUND The study revealed some important management issues however in my view Bank Email List the reason why family CEOs spend less time at work than professional CEOs is because they are answerable to themselves. The fact that they own a stake in the business means that whatever little time they spend at work they try to maximize the returns. I strongly believe that you don t have to necessarily spend more time at the work place in order to produce tangible results. You have to work smarter not harder. ANGELA ALLEN VP TECHNOLOGY FIRM The difference in hours worked by Family CEOs and Professional CEOs is very small.
Could you tell if any of the Family CEOs were conducting some business with family at non business events or locations For example in a family room discussion or at home over dinner. More available hours at work doesn t necessarily translate into more productive hours for work. For the increase in business productivity to get . increase in sales over five years there may be other ways to get this done other than by having the family CEO work more hours. MANAGEMENT CONSULTANT CHEMICALS AND METALS While the results of the study are probably valid it is a reach to conclude that more time on the job is the reason for better performance. I agree that the study shows that family businesses run by non family members perform better than family businesses run by family members. Based on my own experience there are many reasons why this is true.