A family business is basically any business in which the majority of the ownership or control lies within a family. Involvement of members of family in a business can bring with it its own complexities ...
Family owned businesses, like all businesses, will experience their fair share of conflicts. Because the people working in the business are family members, issues involved can run even deeper ...
Succession is the process of transferring the leadership of the business to another person, or to the next generation. It is a process, rather than an event. For many family businesses ...
Conflict generally arises when the roles in one system intrudes into the roles of another. For example, a conflict can arise between a parent and child or husband and wife ...