Scribd Logo
Upload

Welcome to Scribd!

  • 184 views

    Professionalism vs. Family Entrepreneurs

    Uploaded by

    Ashish Mahendra
    The document compares and contrasts professionalism and family entrepreneurship. It defines professionalism as attaining expert status in an occupation through processes that develop skills, accountability, excellence, honesty, duty, and respect. Family entrepreneurship is defined as businesses with ownership and strategic control by family members that aim to pass the business across generations. The document then lists 5 ways that professional businesses differ from family businesses, such as professional businesses being more open to new ideas, impartial in human resource management, financially oriented toward the organization, and having broader and more participative decision making.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd

    Professionalism vs. Family Entrepreneurs

    Uploaded by

    Ashish Mahendra
    184 views3 pages
    The document compares and contrasts professionalism and family entrepreneurship. It defines professionalism as attaining expert status in an occupation through processes that develop skills, accountability, excellence, honesty, duty, and respect. Family entrepreneurship is defined as businesses with ownership and strategic control by family members that aim to pass the business across generations. The document then lists 5 ways that professional businesses differ from family businesses, such as professional businesses being more open to new ideas, impartial in human resource management, financially oriented toward the organization, and having broader and more participative decision making.

    Original Description:

    Professionalism vs family business

    Original Title

    Professionalism Vs

    Copyright

    © © All Rights Reserved

    Available Formats

    DOCX, PDF, TXT or read online from Scribd

    Did you find this document useful?

    Is this content inappropriate?

    The document compares and contrasts professionalism and family entrepreneurship. It defines professionalism as attaining expert status in an occupation through processes that develop skills, accountability, excellence, honesty, duty, and respect. Family entrepreneurship is defined as businesses with ownership and strategic control by family members that aim to pass the business across generations. The document then lists 5 ways that professional businesses differ from family businesses, such as professional businesses being more open to new ideas, impartial in human resource management, financially oriented toward the organization, and having broader and more participative decision making.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    184 views3 pages

    Professionalism vs. Family Entrepreneurs

    Uploaded by

    Ashish Mahendra
    The document compares and contrasts professionalism and family entrepreneurship. It defines professionalism as attaining expert status in an occupation through processes that develop skills, accountability, excellence, honesty, duty, and respect. Family entrepreneurship is defined as businesses with ownership and strategic control by family members that aim to pass the business across generations. The document then lists 5 ways that professional businesses differ from family businesses, such as professional businesses being more open to new ideas, impartial in human resource management, financially oriented toward the organization, and having broader and more participative decision making.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    of 3

    professionalism vs.

    family entrepreneurs
    PROFESSIONALISMVS.FAMILY ENTREPRENEURS :

    PROFESSIONALISMVS.FAMILY ENTREPRENEURS PRESENTED BY: AJAY KUMAR


    GUPTA

    PROFESSIONALISM :

    PROFESSIONALISM: Professionalism is actually the process by which given occupation


    become professions in the sense of attaining professional status. OR The expertness
    characteristic of a professional person.

    ELEMENTS OF PROFESSIONALISM:

    ELEMENTS OF PROFESSIONALISM ALTRUISTIC ACCOUNTABILITY EXELLENCE


    HONESTY/INTEGRITY DUTIFUL RESPECT TO OTHER

    Slide 4:

    1.ALTRUISTIC: Showing unselfish concern for the welfare of others 2. ACCOUNTABILITY


    Responsibility and Reliability

    Slide 5:

    3.EXELLENCE Knowledgeable Skilful Competency to retrieve and handle information


    Appropriate decision making skills Competency in skills of communication

    Slide 6:

    4. Honesty/ Integrity The quality of being honest Moral soundness Undivided or Unbroken 5.
    Dutiful Appreciation of the role Aptitude for personal development 6. Respect to others

    Professionalism in Business : Professionalism in Business Health and Hygiene Personal


    Image-First Impressions REALLY Count! Appearance and Dress Etiquette and Manners Always
    use the magic words: PLEASE and THANK YOU Be on time Keep your promises Respect
    people and be courteous Follow up with thank-you notes Return all phone calls Call ahead to
    confirm appointments

    FAMILY ENTREPRENEUR :

    FAMILY ENTREPRENEUR A family entrepreneurship is defined in terms of: Ownership


    control by members of a family Strategic influence of a family in the management of the firm
    Concern for family relationship The dream of continuity across generation

    PROFESSIOANLISM VS. FAMILY ENTREPRENEURS :

    PROFESSIOANLISM VS. FAMILY ENTREPRENEURS 1. DEGREE OF OPEN


    MINDEDNESS: Professional are open minded, receptive to new ideas, ready to experiment.
    While family entrepreneurs generally lack this.

    Slide 10:

    2. NEW PRACTICES: Include Quality certification, Participative Mgmt., Change in working


    style, financing pattern. Professional are always leaders in adopting them, experimenting with
    them. While there is lack of this attitude in family entrepreneurs

    Slide 11:

    3. IMPARTIAL HRM: Professionals do not show partiality towards any particular gender. But
    family business houses employ their relative or friends or people belonging to same social caste
    in responsible position.

    Slide 12:

    4.ORGANIZATION ORIENTED FINANCIAL MANAGEMENT: Professionals tend to make


    financial decision in the way which is best for the organization. But family entrepreneurial firms
    give first priority to their familiar concern & interests.

    Slide 13:

    5.DECISION MAKING STYLE: The decision making process in professional run organization
    tends to be qualitative better & vision to be broader. It is mostly participative. While in family
    run businesses is more autocratic in nature. Here it is mostly owner entrepreneur himself or
    herself who makes the decision sometimes with the help of his family members or friends.

    You might also like