Parentsâ letter to their distraught son, Part 2
BY PROF. ENRIQUE SORIANO
SON, YOU mentioned that the lack of interest in engaging in dialogue left you feeling very confused about the future of...
Parentsâ letter to an entitled son
BY PROF. ENRIQUE SORIANO
DEAR Son,
We thank you for writing to mama and me. We have prepared this letter in the hope that you will...
Founderâs fear of the future
BY PROF. ENRIQUE SORNIANO
I AM SHARING a timely letter addressed to business owners. It is meant to assure them that they are not alone....
âWhy are we in business together?â
BY PROF. ENRIQUE SORIANO
I WANT to raise the issue to all family-owning businesses...Why are you in business together with your siblings?
Is it purely because of blood...
Shared purpose: The family business beacon of light, Part 2
THE LACK of trust, transparency and openness are responsible for 80% of family business failures in Asia.
In my experience helping families reconcile after years of senseless...
Shared purpose: The family business beacon of light
BY PROF. ENRIQUE SORIANO
THE PRESENT state of a family enterprise will inevitably determine its future existence or demise. And much, of course, depends on the family's shared...
Wrong salary structure breeds sibling conflict
BY PROF. ENRIQUE SORIANO
âWHEN the pay structure of family members remains unclear, undefined, and not explained thoroughly, the emotional element can manifest in the...
The evils of nepotism
THE DRIVING force for any family business is to grow, expand and move the organization forward. But too often, when a sensitive topic surfaces...
Compensating family members is an emotional issue
âThere is no longer any justification for the parent/owner to give low salaries based on the rationale that the children will eventually take over...
Fair is equal but is giving equal compensation fair?, Part 2
BY PROF. ENRIQUE SORIANO
WHEN parents/owners pursue a family system (family first instead of business first) of compensating relatives that is flawed, the business leader...