{
    "success": true,
    "data": {
        "id": 1339953,
        "msgid": "working-effectively-for-family-business-requires-ongoing-dialog-1447893297",
        "date": "2003-03-01 00:00:00",
        "title": "Working effectively for family business requires ongoing dialog",
        "author": null,
        "source": "JP",
        "tags": null,
        "topic": null,
        "summary": "Working effectively for family business requires ongoing dialog Pri Notowidigdo, The Amrop Hever Group, Global Executive Search, (e-mail: jakarta@amrophever.com) Andy Dasyat (fictitious) faces the dilemma of balancing family with business needs. A seasoned corporate finance professional with 20 years experience in multinationals, he is feeling frustrated by his efforts as CFO to move his company forward.",
        "content": "<p>Working effectively for family business requires ongoing dialog<\/p>\n<p>Pri Notowidigdo, The Amrop Hever Group, Global Executive Search,<br>\n(e-mail:  jakarta@amrophever.com)<\/p>\n<p>Andy Dasyat (fictitious) faces the dilemma of balancing family<br>\nwith business needs. A seasoned corporate finance professional<br>\nwith 20 years experience in multinationals, he is feeling<br>\nfrustrated by his efforts as CFO to move his company forward.<\/p>\n<p>When Pak Hario (fictitious), who founded the group of<br>\ncompanies,  passed away, the business was left to be run by his<br>\nthree sons - Ario, Djodi and Edwin (all fictitious). Their<br>\nfather&apos;s death created a struggle for power among the three<br>\nbrothers.<\/p>\n<p>Andy was in a dilemma because of the high emotional content of<br>\nthe disagreement. This is not surprising apparently. David Bork,<br>\nwho has extensively researched family businesses, points out very<br>\ndifferent traits between family and business systems.<\/p>\n<p>A family system is emotionally focused, looks inward, changes<br>\nlittle and requires unconditional acceptance. As a professional,<br>\nAndy, on the other hand, had been trained and experienced in<br>\nbuilding a business with a focus on facts, outward orientation,<br>\nconstant change and conditional acceptance. While the tasks of<br>\nthe business system are to generate profits and develop skills,<br>\nthose of the family system are concerned with nurturing,<br>\ndeveloping self-esteem and growing adults.<\/p>\n<p>In seeking a solution to the issue above, Andy may need to<br>\nfirst start with how he wants to define his role. Bork talks<br>\nabout the role of expert advisor, where he would offer the right<br>\nsolution, and it is assumed that the family will accept it and<br>\nimplement it. The advisor shares answers but does not teach the<br>\nfamily members how to find the answers themselves.<\/p>\n<p>If Andy chose the role of process consultant, he would work<br>\nwith the family members to develop the skills they need to<br>\nresolve an issue. When they help a family to understand the<br>\ndynamics of the system and create their own solutions, they alter<br>\nthese dynamics. The solutions to the problems tend to be longer<br>\nlasting. This approach assumes that solutions lie within the<br>\npower of the group.<\/p>\n<p>A third role of family systems-informed expert may come into<br>\nplay if Andy understands the family dynamics that lie behind the<br>\nbusiness. Although still acting as an expert, familiarity with<br>\nthe broader systems issues of family business will prompt him to<br>\nask more questions and seek information from other sources.<\/p>\n<p>Identifying his goal - and particularly a realistic one - for<br>\nAndy would be the next step. If Andy feels frustrated in his<br>\nefforts, it is very likely that he has given himself an<br>\nunrealistic goal. The ideal goal may be for all family members<br>\nto love and respect one another and for the business to be<br>\nenormously profitable. Because of the unlikelihood of reaching<br>\nthis goal, there must be compromises. Yet Andy can still<br>\naccomplish a great deal and feel good about it.<\/p>\n<p>If Andy can reduce conflict to acceptable (but not<br>\ndestructive) levels, then the business can go forward. He should<br>\nalso keep in mind that incremental change is evolutionary. It<br>\ntakes time -- at least two to three years -- but the business<br>\nwill move forward. What principles come into play? Work with<br>\nwhole systems. Balance the needs of all stakeholders. Emphasize<br>\ncommunication. Develop business structures and personal<br>\nboundaries. Help the family business grow and change as its<br>\ncomponents evolve. And finally, find opportunities to collaborate<br>\nwith other professionals.<\/p>\n<p>In summary, when family conflicts crop up, Andy would<br>\nsometimes have to broaden his role and engage in new activities<br>\nto be effective. An ongoing dialogue is, therefore, important in<br>\norder to enhance Andy&apos;s objectivity, skills and resourcefulness<br>\nas a professional working in a family business.<\/p>",
        "url": "https:\/\/jawawa.id\/newsitem\/working-effectively-for-family-business-requires-ongoing-dialog-1447893297",
        "image": ""
    },
    "sponsor": "Okusi Associates",
    "sponsor_url": "https:\/\/okusiassociates.com"
}