Everyone’s heard the maxim, “The best offense is good defense.” Beyond sports, the maxim represents the human tendency to avoid risk. But when it comes to family governance, a defense-first strategy does more harm than good.
Often, family businesses that default to a defense-first strategy are trying to follow in the footsteps of the previous generation. They don’t want to mess up what already exists. But this approach creates disengagement of family’s next generation.
Discover why exactly defensive governance is harmful to family businesses in this article. Be sure to read until the end and check out the ten signs of defensive family governance.
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