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http://www.referenceforbusiness.com/encyclopedia/Mor-Off/Nepotism.html

IN part, the cold blue truth -

While in the family-owned business “nepotism” is seen as “succession,” many businesses in the modern world try to avoid even the appearance of nepotism, by forbidding relatives from working together, including husbands and wives as well as blood relatives. As women have entered the workforce in greater numbers and have taken on more significant jobs, rules regarding nepotism have begun to change. Both the man and the woman in a marriage often are now too valuable for a company to lose. The current general outlook is that these family members can be accommodated within a merit system, especially if there is not a direct or indirect supervisory link between the positions of related employees.

Family businesses—estimated to represent 95 percent of all businesses in the United States—are the embodiment of nepotism. In the nonfamily business, reasons given for excluding relatives from working together have historically been that the emotional ties of these relationships may negatively affect decision-making and growth at the office. The family business, however, encourages participation by all members of the family and the use of emotional ties to bond the relationships more tightly. Recent studies have shown that in the successful family business these bonds are healthy emotionally and good for the business as well. In the family business where there are problems, the type of fears that regular business rightly has concerning nepotism have proven to undermine the family firm.

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How close are we to Heaven from birth of we are born into the “right” family?

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Also read article about Nepotism from Wikipedia

Ian A Schneider

Meanspeed® Music Company

August 28, 2012