Developing policies to guide decision making can help the family business avoid serious problems. When everyone in the family understands the basis for decision making there is very little room for feeling slighted - yet few businesses take the time to work together to develp their policies. The authors provide a step-by-step process for engaing family members in developing policies which cover issues such as: dealing with conflicts of interest; retirement timing; distribution of profits; loan programs; compensation and succession.Your Guide to the Future Craig E Aronoff, Joseph H. Astrachan, John L. Ward. Introduction. A. Wonderful. Gift. Consider. the Lawrence family, owners of a string of hardware stores in the Midwest. ... Most businesses develop loose-leaf policy manuals to give managers a ready reference aid to decision making. Adrian then anbsp;...
|Title||:||Developing Family Business Policies|
|Author||:||Craig E Aronoff, Joseph H. Astrachan, John L. Ward|
|Publisher||:||Palgrave Macmillan - 2011-01-04|