Fairness in family business is subjective.
Owners often believe that fairness looks like proportional treatment. Employees typically perceive fairness as rewarding individuals based on their performance and/or seniority. Family members tend to associate fairness with distributing resources based on individual needs and circumstances.
When these views clash, conflict seeps into the business and escalates over time.
Since fairness is subjective, family businesses often turn to voting. Voting seems like the safest, most effective decision-making option. But, for some, voting doesn’t always feel like the fairest solution. There is a clear winner. And a clear loser. To reduce potential conflict, family businesses should choose a voting method that best suits their situation.
Uncover the eight voting methods that will help your family business make decisions in “Casting Your Vote: 8 Decision-Making Techniques to Minimize Conflict.”
Read about making decisions in family businesses here.
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