When understanding the development of the cartels in various eras and the main strategies of each era Members are ready to come and exchange ideas about the "future vision" that each person has under their limitations. and various current situations in order to define a "common vision" that will be an important foundation for taking care of the family business and the company going forward.

Values ​​will automatically take part in our decision-making like an autopilot system of decision-making. However, the "beliefs" and "values" of each family member may be the same or different. Therefore, thinking and decision-making may different And in the end, it may lead to conflict.

Conflict is part of any family business. There is no family business that is not without conflict. There are only families that manage conflict well and those that don't. The heart therefore is managing conflict to a reasonable level. Also known as Healthy Conflict

A clear shareholding structure through a holding company will provide peace of mind to all members. Reduce conflicts of interest among family members. and organizing the cartel's money to be used systematically

“Stocks” are still viewed as a matter of benefit. And must not forget that in the family Benefits are often linked to the "love", "trust" and "acceptance" that parents have for their children. Or do siblings have each other? Stocks are therefore a very sensitive matter. Bringing up the issue of stocks as a family discussion is not easy.

Adhering to a definition of justice that focuses only on “fairness” may not be what is best for families. But adding "care" or care Concern for one another also enters the equation of justice. It may be more what the family wants.

It is the duty of the family to design. “Compensation package” to suit the members who will come to work How to design to attract heirs so that they "want" to come back to work in the family business rather than "being forced"!!

In part 2 of this family business succession series. We will talk about the qualifications of the heir who will inherit the business, the role of "outsiders" and the expectations of parents. and the important philosophy of long-term family business succession 

because of aptitude And the inclination to do business is not passed down through DNA, and not every heir will be born to be the business executive of his or her children's choice. Therefore, there should be more than just "will do" or "won't do" family business. Don't limit your thinking to just that. "Inheriting the family business" means having to come in and do it full time.

Do not give “Kongsi” which is a gift from your parents and ancestors. become a cause of hatred and suffering that will be with us forever