When ownership is shared among partners or shareholders, decision-making can become more complex:
1. Consensus Building: Shared ownership often requires consensus among stakeholders, which can slow down decision-making but also lead to more balanced and well-considered outcomes.
2. Conflict Resolution: Differing opinions among owners can lead to conflicts. Effective conflict resolution mechanisms are crucial to maintaining harmony and ensuring that decisions are made in the best interest of the business.
3. Accountability: Shared ownership can enhance accountability, as multiple owners can hold each other responsible for business decisions and performance.