Family companies are designed to be passed down through generations. They represent the sense of belonging that comes from working alongside loved ones, as well as continuity and tradition. However, one of the most serious issues confronting family companies is the unwillingness to relinquish ownership. We investigate the reasons why individuals frequently struggle to cede …
The function of top management for business strategy and management, often played by the Chief Executive Officer (CEO) or Managing Director, is critical in every organisation. The importance of top management jobs is examined here, as are the reasons why many business owners fail to understand the necessity for these roles, the potential repercussions on …
Peter Drucker, a well-known management theorist, put forth a model that divides activity within an organisation into three broad categories. We delve into Drucker’s taxonomy of jobs and offer comprehensive descriptions of each category. In order to achieve exceptional and lasting organisational performance, we analyse how business leaders may guarantee the effective execution of all …
The right answer syndrome is a way of thinking in which people want to be right and don’t like to be wrong or have healthy disagreements. It comes from a deep-seated need to be accepted, which is often shaped by society and culture. It’s something we learn to do as we grow up. Traditional education …