Conflict is inevitable in a family business—whether its conflicting power structures between family and business or issues in communication. So it’s important to learn how to effectively manage conflict within a family business. However, managing conflict isn’t as simple as following a list of steps. You must first understand how managing conflict will affect your family business.

There are plenty of resources filled with best practices aimed at managing conflict and driving success. These strategies are invaluable. But implementing them often requires significant change. And there are risks and unintended consequences associated with significant change. Remember: Even the most well-intentioned changes can lead to resistance and conflict. To avoid resistance or increased conflict, it’s important to involve all stakeholders and introduce changes at a pace they can comfortably accommodate.

Often businesses can’t wait for change. External factors—unexpected deaths, stock market crashes, surprise transitions—force change onto a family business. That’s when it is essential for family businesses to build skills and strategies to manage conflict. Learn about the five concepts of managing family business conflict in “Are You Prepared for Conflict in Your Family Business?” 

Read about managing family business conflict here.

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