‘Why are we in business together?’
BY PROF. ENRIQUE SORIANO
I WANT to raise the issue to all family-owning businesses...Why are you in business together with your siblings?
Is it purely because of blood...
Shared purpose: The family business beacon of light, Part 2
THE LACK of trust, transparency and openness are responsible for 80% of family business failures in Asia.
In my experience helping families reconcile after years of senseless...
Shared purpose: The family business beacon of light
BY PROF. ENRIQUE SORIANO
THE PRESENT state of a family enterprise will inevitably determine its future existence or demise. And much, of course, depends on the family's shared...
Wrong salary structure breeds sibling conflict
BY PROF. ENRIQUE SORIANO
“WHEN the pay structure of family members remains unclear, undefined, and not explained thoroughly, the emotional element can manifest in the...
The evils of nepotism
THE DRIVING force for any family business is to grow, expand and move the organization forward. But too often, when a sensitive topic surfaces...
Compensating family members is an emotional issue
“There is no longer any justification for the parent/owner to give low salaries based on the rationale that the children will eventually take over...
Fair is equal but is giving equal compensation fair?, Part 2
BY PROF. ENRIQUE SORIANO
WHEN parents/owners pursue a family system (family first instead of business first) of compensating relatives that is flawed, the business leader...
The risks of poor communication
AS PART of my firm W+B Family Advisory’s governance engagement protocol, I would usually start with a one-on-one session with family members to allow...
The risks of not communicating
BY PROF. ENRIQUE SORIANO
HAPPY Chinese New Year! Managing family businesses is complex. In addition to managing the business, the family needs to govern itself.
This...
What makes family businesses different?
BY PROF. ENRIQUE SORIANO
A FAMILY enterprise is a business organization actively owned, operated and managed by two or more members of a single family. It comprises family members...