Friday, September 15, 2006

All In The Family

"Family businesses can be marvelous. There are other family businesses that don't recognize when they need to go outside to get more talent in. When you put emotionality into business decisions with families, especially when you are buying or selling them, people begin to think in circles. And you know, my father used to say, balloons don't pop from the inside. The helium is too much fun. So you got to pop the balloon from the outside."

- James McNair, Managing Director, Lincolnshire

Can family businesses survive from generation to generation without "fresh blood" to question traditional decision making?
Will outsiders ever be accepted into a family business or is it is recipe for disaster?
These are some of the thoughts that our experts share in a new eClips theme entitled, All In The Family - Thoughts on Family Businesses.

No comments: