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    Can Family Business Managers Manage Family Business Risks?: Prepared by Raghav Koirala

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    Raghav Koirala
    Family business managers need to effectively manage risks to ensure business success and sustainability. Some key risks include financial problems, political issues within the family, human resource challenges, and lack of trust. Managers should identify the risk tolerance of the family ownership group and evaluate strategies in terms of their associated risk levels. Both current and potential future risks over the next decade need to be considered. Effective risk management involves continuously monitoring the risk landscape, maintaining strong financial status and human resource management, and having qualified leadership with good decision-making skills. Properly addressing risks can help family businesses perform well and maintain long-term growth.

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    Can Family Business Managers Manage Family Business Risks?: Prepared by Raghav Koirala

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    Raghav Koirala
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    Family business managers need to effectively manage risks to ensure business success and sustainability. Some key risks include financial problems, political issues within the family, human resource challenges, and lack of trust. Managers should identify the risk tolerance of the family ownership group and evaluate strategies in terms of their associated risk levels. Both current and potential future risks over the next decade need to be considered. Effective risk management involves continuously monitoring the risk landscape, maintaining strong financial status and human resource management, and having qualified leadership with good decision-making skills. Properly addressing risks can help family businesses perform well and maintain long-term growth.

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    Family business managers need to effectively manage risks to ensure business success and sustainability. Some key risks include financial problems, political issues within the family, human resource challenges, and lack of trust. Managers should identify the risk tolerance of the family ownership group and evaluate strategies in terms of their associated risk levels. Both current and potential future risks over the next decade need to be considered. Effective risk management involves continuously monitoring the risk landscape, maintaining strong financial status and human resource management, and having qualified leadership with good decision-making skills. Properly addressing risks can help family businesses perform well and maintain long-term growth.

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    20 views11 pages

    Can Family Business Managers Manage Family Business Risks?: Prepared by Raghav Koirala

    Uploaded by

    Raghav Koirala
    Family business managers need to effectively manage risks to ensure business success and sustainability. Some key risks include financial problems, political issues within the family, human resource challenges, and lack of trust. Managers should identify the risk tolerance of the family ownership group and evaluate strategies in terms of their associated risk levels. Both current and potential future risks over the next decade need to be considered. Effective risk management involves continuously monitoring the risk landscape, maintaining strong financial status and human resource management, and having qualified leadership with good decision-making skills. Properly addressing risks can help family businesses perform well and maintain long-term growth.

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    of 11

    CAN FAMILY BUSINESS

    MANAGERS MANAGE
    FAMILY BUSINESS RISKS?
    Prepared by
    RAGHAV KOIRALA
    Introduction
    • Business is risk taking
    • Earning Profit after all risk
    • NO risk no profit
    • Family Business Manager and Corporate Manager
    Problem analysis
    • Family owned business organization has similar problems
    • Financial Problem
    • Politics Problem
    • Human Resource
    • Trust Issues
    Objective
    • What risks are the business willing to take as an ownership group?
    • What strategy presents the most or the least risk?
    • What level of risk will be best for the business and family?
    • The risk of family business can be minimised and controlled.
    • Strategies should be formulated for tackle against risks.
    • One should formulate strategies for the risks that will arrive after a
    decade and we don’t know what risks is that.
    Hypothesis
    • Family business risks landscape should be monitored closely and
    continuously, to identify the new risks.
    • Financial Status
    • Human Resource
    Limitation
    • May not have proper data
    • Big and Small business
    Methodology
    • Experience
    • Questionnaire
    • Reviewed the finish work comparing it with different month, day and
    year.
    • Have done performance appraisals
    Results

    • Centralized control, flat structures Lack of structure and systems

    • Informal relations and communications Altruistic leadership style

    • Poor knowledge management Relatively unqualified personnel Uncertain succession


    Discussion
    • 85% to 95% of private business are family business
    • Many of them are well organised
    • Businesses who have plenty of capital can manage their company very
    much better than that doesn’t have.
    Conclusion
    • Purpose of this research was to know about risk management in the
    family business.
    • We have focused on family business risk, characteristics, types of risks,
    risk management strategies and financial risk.
    • Family business managers should be educated on how to define
    acceptable risk
    • Family members in leadership positions should possess strong
    leadership skills to be able to anticipate future risks
    • Managing risk effectively will enable a family business to perform well
    and to maintain sustainable growth.
    THE END

    THANK YOU

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