Five Critical ComponentsOf Family Business Success
- Tags:
- Customer Relationship Management (CRM),
- Dugan & Lopatka,
- Enterprise Software,
- Family Business,
- Finance,
- Financial Accounting,
- Marketing,
- Product Marketing,
- Software
- Source:
- Dugan & Lopatka
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Overview: Article explains the five components required for the success of family business. It discusses the experts views that “All you need in life is ignorance and confidence, and then success is assured.” But one needs much more to achieve and maintain a successful business. While family businesses fail due to many causes, most successes seem to share similar goals. Delivering quality products and superior customer service are fundamental. But as family businesses focus on these goals, other management aspects may go unattended. Make sure not to overlook these five critical tasks: 1. Solving problems successfully, 2. Managing finances astutely, 3. Preparing for family succession, 4. Meeting the market’s needs, and 5. Putting customers first. Read the article to get the details of these tasks.
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Format: PDF | Size: 12KB | Date: Jan 2003 | Pages: 3
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