“Two-thirds of the family businesses do not survive the generational change. In Hungary and in the neighboring countries the family businesses have to face this challenge in the near future.” The following article tells you more about this (only in Hungarian language):
http://vallalkozoi.negyed.hu/vnegyed/20110408-nagyon-szerencses-helyzetben-vannak-a-magyar-csaladi-vallakozok.html
In order to make the process of succession successful, you need to make sure that the managing director does not make all the decisions and does not bear all the responsibility alone. For the charismatic founder to be able to leave the operation of the company safely, it is necessary to establish a level of competent middle managers.
How do extraordinary bosses view the world? How does their way of thinking differ from other bosses’? Check out the article via this link:
http://www.inc.com/geoffrey-james/8-core-beliefs-of-extraordinary-bosses.html
Summary:
1. Business is an ecosystem, not a battlefield.
2. A company is a community, not a machine.
3. Management is service, not control.
4. My employees are my peers, not my children.
5. Motivation comes from vision, not from fear.
6. Change equals growth, not pain.
7. Technology offers empowerment, not automation.
8. Work should be fun, not mere toil.
We continue our journey of lectures for auditors. The next stop is on 30th January in Budapest in the big auditorium of Általános Vállalkozási Főiskola.
We are in the same boat with the auditors: our common goal is to ensure the viability of the company and to reduce the business risks.
Financial auditors often see companies that have a successful track record, but their growth stopped for some reasons. The executive officer is overloaded, expectations towards the employees are unclear, customers are more and more dissatisfied and business results have large uncertainty. After a while revenue also starts falling.
Financial auditors are also affected as these significantly influence the business risks, the capability to continue the business and the corporate market value.
Besides the effects of the crisis, what are the underlying causes? What can be done about this? What are the major pitfalls? The Chamber of Hungarian Financial Auditors and the Turningpoint are organizing lectures for financial auditors about these topics and their possible solutions. The goal is to make the financial auditors capable to identify the organizational causes of these negative symptoms when they do not or do not significantly appear in the numbers. The solution itself is industry-independent and also contains a check list. The title of the lecture is: Avoiding Organizational Traps – for Financial Auditors.
For further information you can contact the county chamber of financial auditors or Turningpoint at info@turningpoint.hu.
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