Beware the ticking conflict bomb

Family business conflicts can't be avoided and how they're handled makes all the difference. With family dynamics, business issues and ownership all in the mix – poor conflict management can lead to an explosion.

Family businesses are different. Filled with constant tensions, they’re more vulnerable to conflict than other businesses. Managing conflict is the big challenge for every family business. Fail to do it, and you could affect profitability and long-term survival.

Conflict anywhere is difficult. But in family businesses, it’s harder to resolve. Why? Because you have to untangle three agendas driving the enterprise: family dynamics, business issues and ownership. 

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