Decision Making Trouble News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Survivability of family businesses around the country. >> what do you do then? do you elect an objective board to make decisions? >> howie is the expert on that. that's one thing you can do. a simpler thing you can do without a board is you have to decide how you're going to decide. what can i do unilaterally? where do i need a majority decision? where do we need a super majority? where do we need unanimity. decide how you're going to decide before a big decision comes up. make your decisions ahead of time so you have something to fall back on when you get into the decision making trouble. >> ...

>> he's the expert on that. i'm telling you. that's one thing you can do. a simpler thing is you have got decide how you're going decide. what can i do unilaterally? where do we need a super majority. decide how you're going to decide before a big emotional issue comes up. make your plans ahead of time so you have something to fall back on when you get into the decision making trouble. >> i think one of the things that a family in business or a business family however you want to talk about it needs to recognize keep in mind that only 26% of first generation families make it to the second gene...