Special Issue: Sibling Rivalry

June 26, 2023 - Issue #92

'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 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 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 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 This classroom exercise dissects the five approaches to managing disputes, and their likely outcomes.

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 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 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 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

Tariffs, Turmoil, and Family Tiffs: Navigating the Current Chaos

by Joseph Astrachan and Claudia Binz Astrachan / Practice Insight

You can support your business through economic uncertainty and maintain unity and commitment. Read more...

Your CEO Affects How Outsiders Perceive Your Brand

by Carlotta Benedetti, Paola Rovelli, Andrea Fronzetti Colladon, Alfredo De Massis, and Kurt Matzler / Research Insight

Family or non-family leader? Your choice depends on the age of the firm, and can ultimately affect how the media and outside stakeholders see you. Read more...

ESG Essentials For Family Firms

by Mat Hughes, Qilin Hu, Boyka Simeonova, Bingbing Ge, Wunnam Basit ISSAH, Sarah Jack, Paul Hughes, Siqi Dai, and Martin Kemp / Applied and Practice

‘ESG is an existential issue. Businesses that don’t demonstrate their commitment to sustainable practices could be punished by consumers, the media and even regulators.’ Read more...

Family Firms: The Time to Learn About AI is Now

by Marek Kolinski and Stephanie Larscheid / Commentary

Like the telephone or the internet, AI is here to stay, and we need to learn how to work with it. Read more...

by Philipp Jaufenthaler, Andreas Kallmuenzer, Sascha Kraus, and Alfredo De Massis

How Family Businesses Survive Unexpected ‘Wild Cards’

by Wojciech Czakon, Monika Hajdas, and Joanna Radomska

Outside Leadership Can Save the Family Business

by Robert Sher

Why Don't You Educate Your Owners?

by Tom Rüsen, Claudia Binz Astrachan, and Ruth Orenstrat

Too Much Love in the Family Can Hurt

by Ines Herrero and Mat Hughes