Here is the synopsis of our sample research paper on Transfers Of Power In Family Business. Have the paper e-mailed to you 24/7/365.
Essay / Research Paper Abstract
5 pages in length. The intrinsic motivation to succeed in business is often – if not unreliably – related to one's position within the company. Indeed, a mailroom worker is not nearly as inspired as is the marketing sales representative, who in turn does not possess the same level of performance drive as the company's CEO. These demarcations of success within the company structure can just as readily transcend within familial associations as with non-kin workers, which is why transfers of power in family business situations can result in an upset of personalities as well as profits. No bibliography.
Page Count:
5 pages (~225 words per page)
File: LM1_TLCTransfer.rtf
Buy This Term Paper »
Unformatted sample text from the term paper:
the marketing sales representative, who in turn does not possess the same level of performance drive as the companys CEO. These demarcations of success within the company structure can
just as readily transcend within familial associations as with non-kin workers, which is why transfers of power in family business situations can result in an upset of personalities as well
as profits. Handing over the family business to someone other than the individual(s) responsible for the companys current level of success does not necessarily have to be a harrowing experience,
especially when the newcomers place an equal amount of value and importance upon maintaining the companys existing status and profit margin, but it all-too-often becomes a lesson in opposite perspectives
when attitudes, approaches and long-practiced policies are altered. One of the primary keys to the success of any companys ongoing success is the
far-reaching vision it maintains even in the most difficult of times. Posing the questions "Where is the company headed?" and "What are the necessary steps to achieve this objective?"
require that everyone involved maintain the same answers; when this is not the case as the transfer of power occurs in family business, an entirely different approach to running the
company is often the undesirable outcome. Part of the difference in perspective lends itself to varying mindsets between generations, with the family members involved in current business decisions conflicting
with those waiting to infuse their own - and often drastically different - approaches. The impact this discord has upon the companys very foundation - its vision and mission
statement - can reflect the first of myriad incompatibilities when it comes to how the business should be run. In fact, having a strong vision and mission statement is
...