Wednesday, February 29, 2012

Entitlement - How to Eliminate the Threat to Business Success

What is going on with the boss’ kids? Will the boss fire me if I tell him the truth? How much can I take before I blow and get fired?  Those are common questions asked by the unfortunate employees who are stuck dealing with family business terrorists: enabled kids who think and act by different standards than everyone else who has had to earn their way in the business. The damage associated with enabled family member employees is brutal, and almost always substantially reduces the probability of successful succession. Enablement blocks successor preparation. As we all encounter, experience, and recognize the high price of family member entitlement, the question is: how can this cultural disease be prevented or cured?

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