TRANSPARENCY
For Family Owned Firms, Transparency Is About Much More Than Numbers
A successful business—and this holds especially true for family-run operations—depends on more than production, marketing, revenue and profit. Clear lines of communication, and a full understanding of the needs, wants, and desires of all stakeholders, can determine...
Six Ways to Maintain Transparency in a Family Business
Family businesses have a reputation for not always being forthcoming with company information. Many companies believe they have good reason, too, and that holding back information from the public can give them a competitive edge. Yet family business experts contend...