When growing up in the rural areas, I used to hear of this very wealthy family, which had made fortunes through running a highly successful motor garage. I only got to visit this business upon the demise of the founder, who was also the head of the family. Thereafter, the garage business was up for grabs by the various siblings, who could not agree on the modalities of letting the then huge business to continue operating as a going concern.
Instead, they subdivided the respective space into small mini-garages, each owned and managed separately by the seemingly disagreeable siblings. Before long, there was no garage and there was no continued creation of the earlier admirable wealth. That happened in Nyeri County about 4 decades ago and is seemingly happening even today, but in …show more content…
The business grew from a humble idea to become great entities contributing to improvement of the society and occasionally growing into enviable multinational corporations. Consider such multinational giants as Coca Cola, Barclays Bank and General Motors amongst others. Why is it that these organizations have continued thriving long after the demise of their founders, whereas those known to us in our situations continue becoming victims of challenged succession planning?
Apparently, it’s difficult to solve any problem whose source is not easily comprehensible. There are numerous causes which contribute either directly or indirectly to the ongoing phenomenon. One of the causes can be linked to cultural orientations especially with regard to perceptions about time. The general concept of time varies widely and greatly impacts on societal values. Thus, a person’s perception of time influences the way s/he understands time and behaves in that regard. The views about time are ultimately diverse across