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Connection of Competence and Commitment

In: Ownership in a Family Business as a Profession

Author

Listed:
  • Hermut Kormann
  • Monika Susanne Börner

Abstract

The professional competence of the owners must be combined with the willingness to use it for the family business. Competence without commitment remains ineffective, while commitment without competence may indeed have an effect, but this can prove to be little beneficial or even destructive. We see the right of an owner to commit to his property as inseparably linked to the duty to use this right competently. On the other hand, the necessity of the willingness to use the existing competence should not be underestimated. This includes, for example, dosing the commitment situationally and connecting it with the “right” competence—or in other words: doing the right thing at the right time or not doing it and carrying out the steps of action at the right speed.

Suggested Citation

  • Hermut Kormann & Monika Susanne Börner, 2024. "Connection of Competence and Commitment," Springer Books, in: Ownership in a Family Business as a Profession, chapter 0, pages 25-32, Springer.
    • Handle: RePEc:spr:sprchp:978-3-658-45255-1_3
    DOI: 10.1007/978-3-658-45255-1_3
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