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Dynamics, Emotions in Family Business

When issues within the Family spill over into the Business domain, it creates difficulties. Since conflicts are very common in business families, members have to learn to resolve them before they get out of control. When Family Members feel that their anger or hurt is justified, they feel confronted when faced with the situation of […]

How to Begin to Diffuse It

While business in general has conflicts, Family Business has even more. This is because Family dynamics plays an important role in Family Business. Here are some of the underlying causes of conflicts in Family Business: Clear definition of the two systems:¬†There are two systems in Family Business - the Family system and the Business system. […]

Top sources of conflict in Family Business

Conflict is inevitable in Family Business as it is an amalgamation of Family and non-family members who are likely to have disagreements on Family / Business related issues. Enlisted are the various sources that could give rise to conflict in the Family Business scenario. It is feasible to identify appropriate measures once the source of […]

Resolving a Conflict

As a leader, it is inevitable that you will face situations that demand effective Conflict Management. Before you go any further, do you know if the conflict is hot or cold? = Neither of these is productive. Conflicts that are open for discussion that has not turned hostile are far more likely to be productive. […]

Managing Conflict Creatively

Two factors that contribute to the longevity and success of the family business are Strategic Planning and Conflict Management. Importance of conflict management process: Why do we give the conflict management process such importance? Is it because unresolved conflicts put the Family and Business at risk? Families and businesses that have developed systems and processes […]

Conflict Resolution Strategies

Conflict arising in a Business is challenging because it involves people with different views, backgrounds,¬†and culture. In the case of Family Business, resolution of conflict is even more challenging due to a greater possibility of deep-rooted differences among the Family Members coupled with their Business ambitions. Unresolved conflict will have a negative impact on the […]

Conflict Management in Family Business

  It is a well-known fact that family businesses are fertile fields for conflict. The reasons are not far to seek. Various factors that could contribute to conflict: Change in culture brought in by success, sibling rivalries, preferential treatment to some Family Members, inter generational issues, spill over of domestic conflict into the workspace etc. […]

PERFECTING EXECUTION

Defining Strategy, Planning and Execution Strategy, planning, and execution are three co-incident determinants of a company or business units ultimate output, its results. Aligning the organizations work teams with your most important objectives is a never-ending battle. It is also quite difficult to implement a poor strategy well and doubly difficult to produce excellent results […]

Prevention of Ownership disputes in Family Businesses

Issues relating to family business ownership may not loom large in the first generation or the founder stage. However, when the succession process kicks in or the next gen has to step in to take over the reins of the business, friction could arise between the father and son, among the brothers or other family […]

Making Family Business Decisions

Properly structured Family Business Meetings can enhance family team work that can aid in making important decisions. This can be achieved by adopting the right method of decision making as this proportionately increases the family business chances of survival and success. It is therefore mandatory that the family holds business meetings at least once in […]

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