Waiting for answer This question has not been answered yet. You can hire a professional tutor to get the answer.
Hi, I am looking for someone to write an article on managing for the long run Paper must be at least 1500 words. Please, no plagiarized work!
Hi, I am looking for someone to write an article on managing for the long run Paper must be at least 1500 words. Please, no plagiarized work! This essay seeks to provide more insight on some of the reasons that make family-controlled businesses outperform their non-family owned counterparts in regard to Managing for the Long Run: Lessons in Competitive Advantage from Great Family Businesses.
Miller takes into consideration the ideologies that have been put forward by other stakeholders when he asserts that some authors have dismissed the thought of family-controlled business being viable role models in spite of the fact that in several occasions, they have managed to outperform their nonfamily owned equals and out-survived the difficult and unpredictable market. The authors attest to the fact that family-controlled businesses accelerate globalization and play a far-reaching role in the economies of the United States and other nations of the world as well. To support their arguments, the authors refer to the S and P 500 as well as the Fortune 500 where family-controlled businesses occupy more than a third of the positions. In an attempt to drive their message home, the authors make special references to the situation within the United States where family-controlled businesses employ more than half of the workforce and at the same time provides more than three-quarters of new jobs that are created annually. Similarly, they refer to the manner in which family-controlled businesses dominate the market share as well as how they generate superior financial returns when compared to their nonfamily equals.
The authors share the belief that for the family-controlled businesses to have covered such strides within their various sectors of the market, they must have strongly adhered to the four C’s rule. This includes putting in place the right change of command, ensuring that there is continuity, being the guardian angels of the community of stakeholders who make their business stand out as well as ascertaining that there is the continuous connection with the external environment. .