Fredo Effect

Fredo Effect

1. whats a Fredo?

   • character from film the godfather
   • a Family member employee who gets in the way of the business success by engaging in dysfunctional behaviors or by not performinfg job duties effectively
     • the problems that a Fredos cause won't be solved easily
   • Negative force in a Family firm
   • is believed to be less capable and less competent
   • goes beyond the concept of nepotism in a family firm
   • http://www.forbes.com/sites/stevenberglas/2012/04/23/the-fredo-factor-what-business-founders-can-learn-from-the-slow-corleone-son/

2. 4. what can i do about Fredo before he takes our firm down

   • prevent a Fredo from springing up in the first place
   • pay attention to the effect that early partent-child relationship dynamics can have on the children once the become involved in the business
   • recognize which children seem yo feel entitled to the fruits of the business but are not hard-working in the firm
   • family memebers need to have same level of education, experience, and skills as non-family job applicants
   • tolerate