How to Make Decisions as a "Family Enterprise"

Overview

With a successful business enterprise, how decisions are made is typically well established and clear. After all, it’s unlikely the business would have achieved any level of success without having firm objectives, carefully constructed strategies to achieve those objectives, and well-defined roles and responsibilities from the CEO on down. In short, all employees know where the business is headed and their role in getting there. But what happens when a business enterprise is (or becomes) a “family enterprise”?

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