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Wednesday, September 2, 2009
It is generally accepted that most family businesses on a worldwide basis have had a traditional male bias and that the rule of primogeniture is still practiced by the majority of multigenerational businesses.
However, past studies completed by Babson College in partnership with MassMutual Life Insurance company indicate that women are taking more leadership positions in family-owned businesses and that this trend is going to continue.
In addition, studies indicate that family businesses that have women family members as CEOs or in top management positions have less turnover, have more family-friendly hiring practices, and twice the business productivity than that of their male counterparts.
Although women are taking an increasingly bigger role in family enterprises, there is still little research that examines women’s roles in family-owned businesses. However, two books have recently been published that address women’s leadership roles in family enterprises: “A Woman’s Place: The Crucial Roles of Women in Family Businesses” (The Family Business Consulting Group, 2008) and “Women in Family Business: What Keeps You Up at Night?” (BookSurge Publishing, 2009).
“A Woman’s Place …” is the collaborative effort of six professional women who consult almost exclusively with family-owned businesses. In their introduction to their insightful book, the authors wrote:
“We also hope that business-owning families, if they have not already done so, will come to a full appreciation of what extraordinary resource women represent and what opportunities may be lost when their talent is not welcomed or developed. It is still apparent in our work that sometimes a son is being chosen over a daughter to run a business when the daughter is clearly more able and qualified. And that’s when a daughter is actually working in the business. Many family businesses still have no women family members working in them at all. What talent and what opportunities are lost to those companies we can only imagine.”
...Moving to San Diego ~Road Trip from GA to CA~
This is a road trip movie I made when I was moving from Georgia to California. I feel that this four-and-a-half-day trip was somehow necessary at ...