Soriano: How can a family business professionalize (Last part)
Family-owned businesses encounter distinctive challenges in terms of governance and decision-making. While family ties can instill a strong sense of loyalty and tradition, they can also complicate the quest for efficient business management. Transitioning to a business-first model of governance is essential for ensuring the long-term success and sustainability of the enterprise. However, it’s important to approach this transformation with caution, as it requires striking a delicate balance bet...
Source: sunstar.com.ph