Though Conflict Comes with the Territory in Business Families, There is Hope for Resolving it
- Tags:
- Business Family,
- Business Operations,
- Conflict,
- Corporate Governance,
- Corporate Law,
- Delaware Valley Family Business Center
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Overview: This article states the situations of conflict in business families. Since family members are always changing and growing, conflict is part of family life. It isn’t necessarily good or bad; it simply is. Conflict in business families is even more to be expected and inevitable. Business families, require more sophisticated conflict-resolving mechanisms. A tool used to resolve the conflict is a board of directors that includes outside directors. Such a board not only brings invaluable business perspective, it helps to mediate the inevitable conflicts that bubble up in the family. Read the article as it state that there is always a hope to resolve the conflicts.
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Format: HTML | Date: Mar 2002 | Pages: 1
