Family businesses face a unique set of challenges. In order for these types of business to grow and flourish, these challenges must be addressed and resolved. In this course, professor and family business expert Eric Flamholtz explains how to grapple with these special issues and develop a family business plan that reduces dysfunctionality. He explains how to treat family and non-family employees, set performance expectations, define the mission and vision of the business, and more. To wrap up the course, Eric shares how to use your family business plan to develop a strategic company plan.
Topics include:
How to resolve unique family business challenges
Setting performance and accountability expectations
Handling rewards and recognition
Developing the family business plan
Creating values for a family business
Defining the mission and vision
Creating family objectives
