Quote of the Week: "To succeed in an extremely competitive - TopicsExpress

Quote of the Week: "To succeed in an extremely competitive marketplace, the next generation of business owners needs outside work experience, additional degrees, qualifications and personal attributes that exceed the norm, a passion for the business, a sense of stewardship and respect for the contributions of their seniors. If business families hope to cure the entitlement epidemic, the senior generation must clearly define the younger generation’s roles and responsibilities, keep compensation at fair market value and make sure their offspring have a mentor-coach-guide. Additionally, family members must speak directly about entitlement, and how the perception of an entitlement attitude affects non-family colleagues. Family meetings can play an essential role in cultivating values that will reduce a sense of entitlement." From ENTITLEMENT: EPIDEMIC OF OUR ERA by Paul and David Karofsky