Chapter 2 discusses the details of the company. He says there is much importance of family and personalism in Spanish-speaking countries. Compared to the United States – place importance on the individual.
In Spanish-speaking countries, the owners of companies tend to put emphasis and importance in the family. In aging time, companies do a concept called nepotism in which owners hire people in your family or close to family.
In the United States, it is typically for everyone to focus on the individual. Traditional country is that people act only for themselves. This is the opposite of Spanish-speaking countries. Where a company in Spain hire one member of the family of the owners, a US company would hire someone for skills.
In my article, the company called LLBean shows the two qualities that are typical of Spanish-speaking countries and the United States. The company has been run by a family member founder . The article says percent five years, LLBean has hired a member of the family, a person who is connected to the family, or a person within the company.
Now, the company is hired a new person to the position of CEO, which is not in the family business, and has no experience within the company. Stephen Smith called, and is currently a graduate of Dickinson College.
Before Smith, the company has a man’s name is Chris McCormick, who took the position of CEO for fourteen years. It was only because he is not a member of the family, but unlike Smith, McCormick worked for the company before its position.
Shawn Gorman, who is the president of the company, says that “hiring a CEO WHO embodies the values of Bean was a top priority for the family and the Board, and I am confident we Have done just that,” over the hired Smith . In context of the comparison of the characteristics of Spanish-speaking companies, and the United States, LLBean shows a combination of the two. It is also an example of a company very well, because I think they are doing something that is not normally for the owners but which at the same time a good decision for the future of the company.
Words:
personalism: emphasis on the most intimate relationships at work; personalism
owners: those who have ownership or possession of the company; owners
Nepotism: give advantages to the members of a family of a person, or friend; nepotism
hiring: to work; to hire
founder, who believes a company; founder
Questions:
Is it more important to hire a person of the family, or a person who is the best qualified person familial?
Would you hire someone in your family or a friend?
link:
http://www.dailyfinance.com/2015/11/03/llbean-new-ceo/