Special Issue: Sibling Rivalry

June 26, 2023 - Issue #92

'Succession' Hits Close to Home at Family Firms 'Succession' Hits Close to Home at Family Firms A family business advisor finds more than a few similarities between the HBO hit and real families. This issue shows how to minimize the rancor.
Advice for Untangling Conflict in a Family Business Advice for Untangling Conflict in a Family Business Janme Sinha of Boston Consulting Group talks about how soft emotional issues and hard business issues can tear families apart.
How Family Dynamics Shape Family Businesses How Family Dynamics Shape Family Businesses Want your family business to run more smoothly? Examine your own relationships with parents, siblings and other relatives -- and talk to one another often.
How Family Firms Can Prevent (or Cool Down) Sibling Rivalries How Family Firms Can Prevent (or Cool Down) Sibling Rivalries Koch Industries, McCain Foods and Robert Mondavi were all roiled by sibling battles. These three strategies will help you prevent it.
Future Family Business Owners Can Learn to Manage Conflict Future Family Business Owners Can Learn to Manage Conflict This classroom exercise dissects the five approaches to managing disputes, and their likely outcomes.
Playing the Succession Game to Ensure Family Business Continuity Playing the Succession Game to Ensure Family Business Continuity Game theory provides a mathematical way to look at sibling competition and its emotional costs -- and suggests insights for achieving the best outcome.
Lessons From the Perdue and Sheraton Families on Getting Along Lessons From the Perdue and Sheraton Families on Getting Along Mitzi Perdue, author of a book about family businesses and widow of Frank and daughter of a Sheraton Hotels founder, shares lessons about family harmony.
How to Fix Succession Conflicts Stemming From Complicated Families How to Fix Succession Conflicts Stemming From Complicated Families Warring ex-spouses, far-flung families...Part 2 of our two-part series looks at how to fix succession challenges that are already underway.
What Families in Conflict Can Learn from Baseball and Teachers What Families in Conflict Can Learn from Baseball and Teachers Using a hybrid of mediation and arbitration offers a real chance to preserve family relationships during a difficult period of conflict.
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Recent
Before You Create a Family Office, Prepare the Next Generation
by Dennis Oteng / Commentary

A full family office may not be the first step. Strong governance can prepare younger family members to steward wealth long before a crisis forces the issue. Read more...

Why Family Businesses Shouldn't Always Listen to Wall Street
by Douglas Hassell and Kimberly Eddleston / Applied and Practice

What Nordstrom, Mars, Dillard's and Patagonia can teach family businesses about ownership structure Read more...

Selling the Family Business? Prepare the Family for What Comes Next
by Susana Quintás / Applied and Practice

A business sale changes more than ownership. Families must also rethink governance, roles, wealth, identity, and purpose after the company is gone. Read more...

How Family Business Succession Shapes Innovation in the Next Generation
by Ludovica Del Barone, Maria Annosi, Filomena Buonocore, and Evelyn Micelotta / Research Insight

Research on 16 family businesses reveals why some successors build on the previous generation’s innovations while others rarely or never innovate. Read more...

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Supported by the Richard M Schulze Family Foundation

Supported by the Richard M Schulze Family Foundation