INTRODUCTION: One of the biggest parts of a manager’s job is making decisions. The decision-making process is not as straightforward as saying “yes” or “no” to a presented option. Managers must decide to decide, decide how to decide, and decide on what should be done. Family owned business have a unique decision making system. In the following exercise you are asked to apply what you know about decision making to this unique model.
Have you ever been involved in a family business.? What type of business was it and who were they involved with? Discuss the advantages and disadvantages of family-run businesses as opposed to bigger operations? How does this impact the decision making process?
One page
Hi there! Click one of our representatives below and we will get back to you as soon as possible.