Historically, family businesses have been insular in thinking and practice, in that they run a ‘closed shop operation’, meaning that the family model will determine the direction the business will follow. All organisational practice, administration and business strategy are confined to handdowns over generations, with the (usually) patriarchal head conducting business like a master chess player.
All family members serve as chess pieces, confined to specific parameters in their movement, roles, functions and decision-making.
This story is from the April 2020 edition of Skyways.
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This story is from the April 2020 edition of Skyways.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 8,500+ magazines and newspapers.
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