Family Business Research Paper

I pledge to support the honor system of Old Dominion University. I will refrain from any form of academic dishonesty or deception, such as cheating or plagiarism. I am aware that as a member of the academic community, it is my responsibility to turn in all suspected violators of the honor system. I will report to Honor Council hearings if I am summoned.” By attending Old Dominion University you have accepted the responsibility to abide by this code. This is an institutional policy, approved by the Board of Visitors.

Communication is one of the most important parts of any relationship. Business relationships are no different. Having effective business communication or not having effective business communication can positively or negatively impact the success of an entire organization. Unfortunately, there are many barriers that can obstruct effective business communication. Those barriers come in four different categories. Those categories are personal barriers, physical barriers, sematic barriers and process barriers. A manager must know how to work around the communication barriers and use his or her communication skills to keep business operations going smoothly and to make improvements to the

Communication is the third dimension and is not depicted on the model. It is a facilitating dimension necessary for facilitating changes in the other two dimensions. This dimension is measured by listening skills, speaking skills, self-disclosure, clarity, continuity tracking and respect and regard. Balanced family systems have good communication.

As we know families as always changing and so are the dynamics. Communication is a transactional process that is changing over time. Two central scopes of family behavior are adaptability and cohesion. Each is divided into four levels to create 16 combinations. Overtime it has changed to fit into cohesion, adaptability and communication.

A business needs to focus on its business and compete smartly from my perspective. This will include process improvements (change) but change that is meaningful to keeping the business alive, functioning, and growing as it achieves its mission. I worked for 2 family run businesses and watched as the children took over, tried to do what “everyone else is doing”, and failed the business.

This case study analysis was written based on the journal How Do You Get Anything Done Around Here? Written by Marian L. Houser and Astrid Sheil. This article has describe that how organization communication theories and perspectives works within a family company.

Bob’s rationale behind establishing an advisory board, and his approach for selecting its members, has thus far been successful and valuable for him and the company. He correctly recognized the importance of “the big picture,” as he chose people whose backgrounds covered a wide range of industries and skills and who could therefore fill in any gaps. Furthermore, Bob’s choices were all successful business professionals, so he could therefore be relatively sure that they would be effective in handling any future challenges and recognizing future opportunities. Bob was also cognizant that the business and the family needed unbiased consultants in order to offer advice regarding family employment, and establishing the advisory board presented an outlet in which family members could privately discuss any issues on their mind. Lastly, he established an objective for the board, in that the board would only focus on the “big picture,” which meant that they didn’t get caught in the daily details or argue over the day-to-day routine.

Communicating with family is the difficult part for the company. The families will require a

v) Can we continue as a family-owned company with growth, given potential estate and management succession problems?

Members of a family learn what is acceptable within the family. We also can know through body language when a family member is stressed, angry, happy, or sad. We learn appropriate ways to interact based on non-verbal communication (Cherlin, 2008, p.24, 29).

Working with parents is important because you can share information between practitioners and parents about the child’s needs, interests and how they are developing (Drake, 2006). Which will then show effective communication and good relationships with both parents and practitioners (Cortvrlend, 2008). There is a policy which early year settings have which is called working in partnership with parents, where practitioners must read and sign to say that they have understood (Cortvrlend, 2008). There are parents evening which takes place and this gives the opportunity for the practitioner or key worker to communicate the parent about how the child is doing at nursery as well as at home (Drake, 2006). This will then give a chance for the parent

Alignment of family and business. By keeping family, management organization, and ownership balanced, we ensure healthy family ties, ongoing business performance, and next-generation continuity.

Divorce is hard on everyone, but no one is as devastated as the children. For this reason, the family law and child custody attorneys at Woods, May & Matlock work diligently to help families resolve their issues without going through a litigious process. Court is stressful, expensive and time-consuming. Our team of family law and child custody attorneys look for ways to help families reach a compromise without an ugly courtroom battle. For anyone looking for a family law attorney or child custody attorney in Frisco, TX who truly puts the health and well being of the family first, Woods, May & Matlock is the team to call.

My family has always been very close. We spend a great deal of time together and express our deep feelings and emotions with one another. If one of us has an issue, every member of the family is aware of it and shares the burden. When a person in the family does not share significant information about one’s life with the rest of the members, there is hurt feelings. Also, if a member cannot attend a family event, the family feels disappointed and misses the absent member. It is evident that connectedness is held as extremely valuable.

Effective communication is an important characteristic of strong, healthy families. Family communication is the way verbal and non-verbal information is exchanged between family members (Epstein et al.,1993). Communication involves the ability to pay attention to what others are thinking and feeling. In other words, an important part of