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for: ‘April, 2011’

Family Psychology Affects Success in Family Business

In family business, there is a clearly defined but invisible control mechanism called the “family system.” Some might call it the psychology of the family. From a business standpoint, one can craft an elegant solution to business problems, but in family business, the keys to implementing this solution are always locked up in the psychology […]

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“Because I Said So” is Not a Corporate Governance Structure

What is this thing called “Corporate Governance?” Some describe it as a collection of customs and policies that affect the way a corporation is administered. Others define it as the relationships among the stakeholders, shareholders, executives, boards of directors, employees and customers. None of these descriptions includes, “Ask your mother, grandfather or Uncle Ahmet,” or […]

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