Publications
Publications
  • March 18, 2014
  • Article
  • Harvard Business Review (website)

Family Businesses Must Set the Agenda (Without Micromanaging)

By: Josh Baron and Rob Lachenauer
  • Format:Electronic
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Abstract

This article discusses the role of owners in family businesses, using the story of Charles, who transformed his family's shipping business by taking ownership decisions. The article highlights that owners have the power to set goals, define performance metrics, hire the board, and determine dividend policy. Successful owners delegate decision-making while ensuring these key aspects are in place.

Keywords

Decisions; Family Ownership; Governing and Advisory Boards; Goals and Objectives

Citation

Baron, Josh, and Rob Lachenauer. "Family Businesses Must Set the Agenda (Without Micromanaging)." Harvard Business Review (website) (March 18, 2014).

About The Author

Josh Baron

Strategy
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