How one bad family member can undermine a family firm: Preventing the Fredo effect Harvard Case Solution & Analysis

Family owned and operated businesses represent a large proportion of businesses operating in the country and around the world. Dynamics introduced by family members may develop into serious problems for the family firm, and have far-reaching consequences for its operation. One problem leads to cope with staff members of the family who, for various reasons, is behaving in a way that are toxic and devastating impact on the business. We refer to this phenomenon of "Fredo Effect", referring to the incompetence of the brother of The Godfather books and films. Here we discuss the effect of Fredo in the context of a family business, so I put Fredo is unique to family firms, and the effect is developed over time within the family. We also analyze the effect Fredo hurt family firms in terms of the succession of leadership and performance, and that the leaders of a family business can do to solve the "Hide

by Roland E. Kidwell, Kimberly Eddleston, John James Cater III, Franz W Kellermanns Source: Business Horizons 8 pages. Publication Date: January 15, 2013. Prod. #: BH504-PDF-ENG

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How one bad family member can undermine a family firm: Preventing the Fredo effect

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