Management - Family Firm Institute - Essay Example

for both the family and business to become successful, the businessperson needs to balance the two entities.
The introduction of the ‘Family Firm Institute, Inc’ was mainly an idea to rescue the Los Angeles parents from both family and business frustrations. In the initial stage of the establishment of the organization, the ‘Family Firm Institute, Inc’ faced challenges in attaining members (Your membership.com. 2011). Owners of the family members were not willing to join the organization because of the lack of enough information concerning the organization.

Being a member of the organization, the ‘Family Firm Institute, Inc’ has enabled me to acquire skills in the maintenance of the family business and remain responsible for family affairs. In most cases, the owners of the family business lack the knowledge of maintaining an intimate relationship with the family and performing business activities. For this reason, the businesspersons fail in one of the fields because of failure in the management of the family business and other family-related issues. In the current world, the ‘Family Firm Institute, Inc’ offers professional training to family business owners (Your membership.com. 2011). This increases the prosperity and expansion of small-scale business projects.

Identification of the Problem
The ‘Family Firm Institute, Inc’ has been performing its intended duties and roles in society which has ensured that the family business prospers. The organization has been successful in ensuring that the businesspersons gain professional skills in maintaining the family business. It is not an easy task to maintain the business and other family responsibilities. For this reason, the ‘Family Firm Institute, Inc’ has been doing a recommendable job in ensuring that the business owners are capable of achieving the best management skills. However, there are several diverse challenges that the Family Firm Institute Inc has been facing in the past few years. The problems have given negative feedback on the performance of the organization hence affecting the number of new enrollment staff (Robert, 2011). However, one of the key problems that the ‘Family Firm Institute, Inc is facing is the lack of a common understanding among the members of the organization.

In any given organization, there should be an equivalent understanding between the employees and employers in terms of background and gender. The correlation of employees with each other to deliver outstanding duties and roles at the expected time interval. Conflict in the ‘Family Firm Institute, Inc’ arises majorly because of diversity in the educational backgrounds of the people, political differences and preferences, ethical heritage, gender, and personal experiences (Robert, 2011).

The conflict that arises between the employees has made it almost impossible for the ‘Family Firm Institute, Inc’ to achieve its expected goals. The management and the employees lack the appropriate reinforcement to work together as a team to accomplish the roles and duties of the organization. The challenges affect the progress of the organization thus reducing the competence of the employees. The perception of the managers has even made it hard for the problem to be solved in the organization. The key role of the ‘Family Firm Institute, Inc’ is to instill professional skills in the business personnel who operate family-related businesses (Your membership.com. 2011).

The lack of cooperation between employers and employees has affected the seminars intended to teach business person management skills. The difference in the background has made the male, and the female genders lack an understanding of the work fields. Personal experience has also made the employees deny the orders given by their employers. This causes conflict in the organization hence making it difficult for the management to interrelate with the workers (Robert, 2011).

The problem has existed for the pasts eight years since the management has failed to solve the problem among the employees. The lack of shuffling and change in the employee profession has made it difficult for the change to be implemented in the organization. The lack of cooperation has forced the organization to adjourn some of the programs to be accomplished. This has made the ‘Family Firm Institute, Inc face losses and stiff competition from other business counseling organizations. The lack of proper training in business ethics by the human resource manager has contributed to the problem.

The problem of the difference in the background of the employees can be solved through the training of employees. The proper management of the ‘Family Firm Institute, Inc’ can be enhanced by frequent training lessons for the employees. Since the difference in the background of the employees is a current problem affecting the ‘Family Firm Institute, Inc’, the organization should establish a committee of experts who are responsible for training the employees. Informing both employees and employers of the consequences and means to avoid conflict arising from background differences is vital in solving the problem (Robert, 2011). Read More