Family Business leaders often need to initiate team building activities to help family business team members increase their self-awareness. Team members who have a strong self-image focus better, are absent from the job less often and are better able to get along with their coworkers. Compare this to those with low self-awareness who make more […]
How to Improve Collaboration Within Your Family Business Team
Your family business is made up of diverse individuals who have decided to come together with the goal of making the business a success. In today’s world, it is highly likely that many of them are specialist with skills specifically tailored for one role in the business. As the family business manager, your role is […]
How to Minimize Conflict in Your Family Business
With any family business, there will inevitably be some form of conflict among the family members. As a family business manager, you need to be prepared to resolve and minimize these differences when they crop up. Conflict resolution includes the standard approach of what steps you normally take to encourage people to work towards an […]
This one tool will relieve tension in family business conflict
Family business conflict creates tension and stress not only in the workplace, but at home and during the holiday gatherings. I know firsthand after working 16 years in my family business. For most people conflict brings up an automatic reaction of defensiveness and justifying their position. Taking a defensive posture is counterproductive to solving conflict. […]
Families need to educate the extended family on the need for conflict in the family business
Conflict is inevitable in every successful business. There are always competing priorities, limited resources and tough decisions to be made. Successful family business families communicate this reality to the extended family so as to head off the disappointment before it even happens. Tough decisions need to be made for the family business to be successful […]
