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Don't Ignore the Conflicts in Family Business!
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Don't Ignore the Conflicts in Family Business!

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It is best that the conflicts are resolved when they happen so that a small petty strife does not make for major conflict harming the fame, position, and goodwill of the family business.

It is best that the conflicts are resolved when they happen so that a small petty strife does not make for major conflict harming the fame, position, and goodwill of the family business.

Published in Business , News & Politics
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  • 1. www.FamilyBusinessBattleGround.com http://wwwdelivery.superstock.com/WI/223/1612/PreviewComp/ SuperStock_1612R-2139.jpg Surviving and Thriving in your Family Business Don't Ignore the Conflicts in Family Business!
  • 2. www.FamilyBusinessBattleGround.com In a family business we are involved both commercially and emotionally making the situation more vulnerable for minor and major conflicts.
  • 3. It is best that the conflicts are resolved when they happen so that a small petty strife does not make for major conflict harming the fame, position, and goodwill of the family business. www.FamilyBusinessBattleGround.com http://www.execpointe.com/attachments/Image/business-top-1.jpg
  • 4. If the conflicts are swept under the rug, for time being, it may become intense and deep-rooted to be dissolved amicably. www.FamilyBusinessBattleGround.com http://www.positivesolutionsgrp.com/images/tugowar.jpg
  • 5. 4 Major considerations to keep looking for while resolving a family business conflict are: www.FamilyBusinessBattleGround.com
  • 6. Interpret - Instead of pointing out the member in front of all other family members talk to him alone and explain the situation and point out his mistake objectively. www.FamilyBusinessBattleGround.com
  • 7. Suggest - Don't over exaggerate the concern of the predictable outcome, keep it simple and believable. www.FamilyBusinessBattleGround.com http://www.b-fit.com.my/templates/hot/images/opportunity/new_business.jpg
  • 8. Specify - Being specific will make critical tasks simple and interesting for all family members.  www.FamilyBusinessBattleGround.com http://www.arthurgiacalone.com/page12/files/pasted-graphic.jpg
  • 9. Repercussions - Point out the possible outcomes whether they are positive or negative so that each member can change their behavior and make team work possible. www.FamilyBusinessBattleGround.com
  • 10. While resolving the conflict it is best that you do so with a clear state of mind and collect as much information as possible regarding the cause of conflict. www.FamilyBusinessBattleGround.com http://img.goldenpages.ie.wdtest.osl.basefarm.net/86687.png
  • 11. This is easier said than done; thus solutions to each conflict will differ depending on the situation. www.FamilyBusinessBattleGround.com http://www.conflictresults.com/images/partners-lateral-final.jpg
  • 12. www.FamilyBusinessBattleGround.com Be a part of World Class Social Platform - Handle changes in your Family Business . Surviving and Thriving in your Family Business