Download PDF by John Ward, Craig Aronoff: More than Family: Non-Family Executives in the Family

By John Ward, Craig Aronoff

ISBN-10: 0230111114

ISBN-13: 9780230111110

ISBN-10: 0230116167

ISBN-13: 9780230116160

ISBN-10: 1137512180

ISBN-13: 9781137512185

Hiring and dealing with non-family managers can current demanding situations to the relatives enterprise. despite the fact that, it truly is necessary to create an atmosphere during which non-family managers can suceed for the great of the company and the great of the relations. This booklet explores the techniques of hiring, coping with, and conserving gifted open air executives.

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Additional resources for More than Family: Non-Family Executives in the Family Business

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But in the long run, it will be worth the stretch. 32 MORE THAN FAMILY • Non-family executives want to be listened to and heard. Again, they want to make a contribution to your organization, and they want to make a difference. When you respect them by listening to them and adopting their good ideas or following their advice, you are letting them know they are of value to your family and your company. In return, their excitement about the company and their pride in it are enhanced and so is their motivation.

Because they're so exposed to so many parts of your life and they know how you relate to your spouse or how you treat your kids, you must also depend on them to be both understanding and discreet. MORE THAN FAMILY 36 One of the greatest impediments for the meaningful involvement of non-family executives in a family firm is the business leader's inability to trust others. And yet, the growth of a business is dependent on the extent to which the chief executive can delegate and can trust others. Essentially, building trust with a non-family executive isn't any different than building trust with anybody else.

They're not the hired help. " EXHIBIT 7 • • Seven Ways to Build Trust Be con i tent-do what you ay you will do. Avoid making exception or changing your mind just because you have the power to do o. • Let your elf be open and vulnerable. • Share information and power. • Be compassionate and show empathy. • Extend trust to others. • Let family member know how much you trust your non family executives. MAKING NON-FAMILY EXECUTIVES A PART OF YOUR TEAM 37 Non-family employees want to develop and grow.

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More than Family: Non-Family Executives in the Family Business by John Ward, Craig Aronoff

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