Did you ever consider that some of the laws of physics, thermodynamics apply to Family businesses. Let’s consider a few laws of physics, you remember your quantum physics right? The three that effect Family Businesses: Hawthorne effect, a form of reactivity in which subjects modify an aspect of their behavior, in response to their knowing that [Continue Reading]
Fractional Math, Thermodynamics and Family Business
The second law of thermodynamics is an expression of the tendency that over time, differences in temperature, pressure, and chemical potential equilibrated in an isolated physical system so as to result in the natural entropic dissolution of the system itself. Stated more simply, the energy of a system wanes over time if there is [Continue Reading]