Dictatorship, democracy have their weaknesses.
By Auqust Aquila
Creating the Effective Partnership
What checks and balances exist in your firm to keep it strong but also to protect the minority interest?
MORE on LEADERSHIP for PRO Members: 5 Questions About Your Firm’s Direction | 6 Reasons to Keep Partners from Retiring | 6 Reasons Why CPA Firms Fail in Innovation | 6 Steps to Handle Staffing Problems in a Merger | 7 Signs Your Firm Is Headed for an Implosion | It’s Not Always about Money: 16 Tweaks for Your Comp System | Eight Key Goal Areas for Partners | Like Herding Cats: Partners Must ‘Walk Together’ | Managing Partners Must Remember Partners’ Needs | New Times Call for New CPA Firm Metrics | Partners Have Love-Hate Relationship with Leadership | 6 Things Leaders Must Do | 8 Financial Ducks to Line Up Now | Partnership Is About Persuasion
Maybe it’s time for more firms to consider a republic instead of a so-called democracy. The larger firms in the country are surely run more like a republic than a democracy. Smaller firms would be well advised to change their governance to mirror the larger firms. But let’s start with the dictatorial form of governance – commonly found, sometimes wildly successful, but only to a point.
TO READ THE FULL ARTICLE
