To what extent does the presence or lack of non-family professional executives effect the business performance of your family's business?
What potential is there for non-family professional executives to deliver outstanding business performance in your family's business?
Consider the above article and share others that you discover around this topic to start to think about the design of a family business advisory service that would respond to the challenges and diagnosis that you have delivered for your family business?
The non-family professional executives are an integral part of a family business. They have both positive and negative impacts on the company’s operations. The presence of non-family professional executives can bring new and independent insight into the business. They can change the perspective and develop unique ideas for the success of the company. The lack of this independence can compromise the effectiveness of the decisions. On the other hand, these executives might also lack professional competence and work for their own benefits.