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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A False Sense of Urgency Helps Neither Family Nor Business

by Joseph Astrachan and Claudia Binz Astrachan / Practice Insight

Rushed decisions tend to lead to bad outcomes. So does avoiding decisions because we’re afraid of conflict. This framework helps businesses think realistically about decision urgency. Read more...

The Next Generation Can Help the Family Firm Innovate

by Richard Schulze and Ritch Sorenson / Commentary

Best Buy Founder Richard Shulze and Ritch Sorenson of the University of St. Thomas explore the opportunities that come with a changing of the guard. Read more...

How Founders Can Stay Relevant When the Next Gen Takes Over

by Kimberly Eddleston / Interviews

A family business advisor says a change in leadership is like passing the baton in a relay race. Don't let go too abruptly. Read more...

Single Family Offices as Owners: Long-Term Investors or Financial Optimizers?

by Joern Block, Reza Fathollahi, and Onur Eroglu / Research Insight

The capital structure of a firm determines its financial viability and creditworthiness. Families should understand how ownership influences this structure. Read more...

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