Don’t micromanage employees. Empower and hold them accountable.

Should policies and practices that make little sense or impede the success of a staff or line unit be challenged? Absolutely! Many employees feel “that’s just the way it is.” Not true. Don’t micromanage—empower employees and hold them accountable for results. Companies that adopt these principles as part of their culture are the ones that will excel.

HBO’s ‘Succession’ demonstrates the need for a family company leadership succession plan

Family-controlled companies eventually need to make a choice—do they want the company to be a vehicle to employ family members, or do they want it to be an engine of wealth creation for shareholders? Their company is competing against the best in the world, requiring it to be led by the best who can successfully compete. It’s rare that the most capable leaders can be found inside the family.