Conflict Resolution in Family Business
Introduction
Conflict resolution in family business is vital for maintaining harmony, trust, and business continuity. Family dynamics can create tensions that, if unresolved, may lead to inefficiencies, poor decision-making, and even business failure. A structured conflict resolution process ensures open communication, fairness, and alignment between personal and professional interests. It helps prevent disputes over leadership, succession, and resource allocation, fostering collaboration and long-term stability. Without effective conflict resolution, unresolved issues can damage relationships, disrupt operations, and weaken the business. A proactive approach, including clear policies and mediation, ensures that conflicts are managed constructively, preserving both family unity and business success.
This training program is designed to include:
- 16 hours of training
- 03 months of one-on-one coaching
How you will benefit
- Understand the root causes of conflict in family businesses, including family dynamics, generational differences, and power struggles.
- Develop effective communication and interpersonal skills for navigating family business relationships.
- Learn to identify and manage emotions effectively during conflict.
- Develop and implement strategies for conflict resolution, including mediation, negotiation, and restorative justice.
- Build stronger family relationships and improve family communication.
- Enhance leadership skills and foster a more harmonious and productive family business environment.
- Develop a family business governance structure to address and prevent future conflicts.
Who should attend
Families in Business: From Generation to Generation is intended for teams of business family members, such as:
- A chief executive officer [or top family business leader(s)] and his or her spouse
- Children of the business leader(s) and their spouses
- Siblings and their spouses/partners
- Cousins and their spouses/partners
These family members might be:
- A manager or an employee
- A board member
- A shareholder
- An interested relative, who may be an in-law
What you will cover
- The concept of Yin and Yang in a family business
- The different points of view between generations (Baby boomer, Gen X, Y, Z)
- Conflict across cultures
- How to stop squabbling over money and power
- Strategic planning without battle
- Building harmony into your ownership structure
- How family councils can minimize family conflict
- How to split the business to unify the family
- Three types of founders and the dark sides
- When parents and children clash
- Challenges of the sibling partnership
- Complexities of the cousin consortium
- Managing conflict in couple-owned businesses
- The in-law in the family firm
- Family squabbles in hard times
- The "keep or sell" debate
Schedule
