Week 5

@Ilya Gut You very briefly touches upon a critical dilemma faced by family businesses with multiple decision-makers regarding the allocation of resources between long-term business development and short-term personal income growth. While the topic you've raised is relevant and significant for family businesses, your analysis lacks depth and clarity, which limits its effectiveness in exploring the complexities of board performance within this context.

Your post is too normative, as you present a dichotomous choice between investing in business development for future impact and opting for immediate personal income growth. However, it lacks analytical depth in examining the factors influencing such strategic decisions, such as market conditions, competitive pressures, and long-term sustainability considerations. Without a deeper analysis of these factors, your post remains myopic and fails to provide a comprehensive understanding of the challenges faced by family businesses in balancing short-term gains with long-term objectives.

You will really benefit from providing concrete examples or case studies illustrating how different family businesses have navigated this challenge and the implications of their strategic choices on organizational performance and sustainability. By offering real-world examples and relevant and credible academically- supported arguments you could enrich your analysis and provide valuable insights for readers grappling with similar dilemmas in their own family businesses.

In summary, you address a relevant topic related to board performance in family businesses minimally, its brevity and lack of analytical depth constrain its ability to offer meaningful insights or actionable recommendations for practitioners in the field.