Prevent Nightmare House of Horrors: Family Business Quarrel, Part 2
To prevent a Family Business Quarrel
1. Create a culture emphasizing that family members are part of something bigger than themselves.
Being too self-centered is a danger in a family business. Frank Perdue always emphasized to his family they are part of something bigger than themselves. Although some people may be born unselfish, for most of us, it has to be taught. Words help, but examples are better.
2. Design an open and inclusive family decision-making process.
Developing this can mean a lot of give and take. For instance, does this include blood relatives only? Spouses? Stockholders? For a head start in designing a decision-making process, read PREPARING HEIRS by Williams and Priesser.
3. Have an Education Committee that works to instill the family culture.
As chair of my family’s Education Committee, I combed the Internet to see what other family education committees are interested in. Governance (decision-making) is a top goal for many business families. To carry out this educational goal, we have an everyone-read-the-same-book program, an outside lecturer, and a webinar each year. The value of this is increased knowledge with a tremendous side-benefit; we’re all focused on the same goal and it strengthens the family culture, the one we’re thinking of something larger than ourselves, namely, the family.
Search Articles
Latest Articles
Overcoming Difficulty with Intentional Joy with Mitzi Perdue
Overcoming Difficulty with Intentional Joy with Mitzi Perdue by Love Never Fails RadioAbout The Episode Overcoming Difficulty with Intentional Joy with Mitzi PerdueAbout The PodcastLove Never Fails Radio with host Vanessa Russell, invites you to join in the fight for...
Perdue: Russia Using Social Media to Divide, Weaken U.S.Read more: Perdue: Russia Using Social Media to Divide, Weaken U.S. | Newsmax.com
https://www.newsmax.com/world/globaltalk/facebook-troll-vpn/2024/03/25/id/1158552/ Publication – newsmax.com
Technological Advances That Could Save Lives In Ukraine
https://www.realclearmarkets.com/articles/2024/03/23/technological_advances_that_could_save_lives_in_ukraine_1019758.html Publication –realclearmarkets.com
Russia’s Cruelest War Crime, Kidnapping Ukraine’s Children
https://www.dailywire.com/news/russias-cruelest-war-crime-kidnapping-ukraines-children Publication – dailywire.com
Subscribe to Updates
About Author
Mitzi Perdue is the widow of the poultry magnate, Frank Perdue. She’s the author of How To Make Your Family Business Last and 52 Tips to Combat Human Trafficking. Contact her at www.MitziPerdue.com
All Articles
Women & Atherosclerotic Cardiovascular Disease
Women & Atherosclerotic Cardiovascular DiseaseWOMEN NEED TO BECOME MORE AWARE OF ATHEROSCLEROTIC CARDIOVASCULAR DISEASE (ASCVD) A typical woman is more likely to be afraid of breast cancer than heart disease. Yet in this country, roughly 50,000 women will die each...
Contraception: A Call To Action
Contraception: A Call To ActionPOPULATION GROWTH IS DEPLETING RESOURCES NEEDED FOR OUR SURVIVAL The global population is currently 7.2 billion people, and by 2050, it’s projected to be 10 billion. This may have effects we can’t reverse. Humans are the biggest users of...
Dyslipidimia: Problems and Treatments
Dyslipidimia: Problems and Treatments EFFECTIVE LIPID CONTROL CAN INCREASE BOTH THE QUALITY AND LENGTH OF A WOMAN’S LIFE Too many women with dyslipidemia are never discovered or are undertreated. Often they don’t know they have a problem until after they’ve had an...
Breast Cancer: Current Strategies
Breast Cancer: Current StrategiesWITH BREAST CANCER THERE IS NEW REASON FOR OPTIMISM More than two million American women will develop breast cancer in their lifetimes and 39,000 of them will die from it every year. However, even though women who are newly diagnosed...
Sex and Gender Differences In Stroke
Sex and Gender Differences In StrokeWOMEN ARE DISPROPORTIONATELY AFFECTED BY STROKE Stroke is the third leading cause of death for women. For men, it’s the fifth leading cause. Women have a higher lifetime risk of stroke and they are more likely to die from one. In...
Breastfeeding: It’s Not Just Babies Who Benefit
Breastfeeding: It’s Not Just Babies Who BenefitBREASTFEEDING BENEFITS FOR MOTHERS MAY EXCEED THE BENEFITS FOR THEIR BABIES Doctors have long understood the benefits of breastfeeding for infants. Today, more and more people are recognizing the immense benefits of...