Building Resilience into Your Family Business

  • 📰 HarvardBiz
  • ⏱ Reading Time:
  • 36 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 18%
  • Publisher: 63%

Россия Новости Новости

Россия Последние новости,Россия Последние новости

Three simple lessons that can help family business leaders cope with the sustained uncertainty that lies ahead:

of the Stoic philosopher Epictetus that “Neither should a ship rely on one small anchor, nor should life rest on a single hope.” Their managerial mantra is “just-in-case” rather than “just-in-time.” Consequently, they actively invest in organizational redundancy — frequently observed in resilient biological systems — to ensure that they can bounce back quickly from adverse shocks and sustain operations whenever they lose access to critical capital and infrastructure.

Though each of these investments in redundancy required substantial time and resources — precious commodities for any organization — being intentional about foregoing profits to build resilience helped these families prepare for, withstand, and recover from serious disruptions and chronic stress.

In the Age of Uncertainty, enterprising families need to understand that their long-term health and continuity is even more dependent on the ecosystems within which they are embedded — a form of symbiosis often observed in resilient biological systems. As in nature, neglecting or failing to adequately support the health and development of all their key stakeholders only undermines their own resilience.

 

Спасибо за ваш комментарий. Ваш комментарий будет опубликован после проверки

Harassment Perjury genpact $G McKinsey BCG BainAlerts outsourcing kearney goldmansachs PwC accenture KPMG Gartner EYnews Deloitte GHS IBM JPmorgan DataScience Bigdata strategyand Capgemini wipro infosys TCS fintech banking Ai ML Bangalore Tesla

Мы обобщили эту новость, чтобы вы могли ее быстро прочитать.Если новость вам интересна, вы можете прочитать полный текст здесь Прочитайте больше:

 /  🏆 310. in RU

Россия Последние новости, Россия Последние новости

Similar News:Вы также можете прочитать подобные новости, которые мы собрали из других источников новостей

She’s known for ‘Real Housewives of SLC,’ but Heather Gay has built a booming business“We built our business on being non-uppity,” RHOSLC's Heather Gay said. “We’re next to a Dollar Tree on purpose. That wasn’t out of budget constraints, that was to democratize self-care.'
Источник: sltrib - 🏆 316. / 61 Прочитайте больше »

Berge family proposes auto mall near Phoenix-Mesa Gateway Airport - Phoenix Business JournalThe application said the development phases of the site will be dictated by future real estate market conditions and the timing of approval from the city of Mesa. All future development of the site is subject to site plan review and design review approval.
Источник: phxbizjournal - 🏆 254. / 63 Прочитайте больше »