50 Common Causes of Family Business Conflict ... and how to deal with them

Audio No 42. Family Values.

• Values are what drive us to do what we do, the way we do it.

• Family values are the values honoured and shared by a family, and taken into their business.

• Even highly conflicted families usually agree on most of their important values. This often helps to re-humanise everyone in family mediations - they’re actually all about the same things.

• When values are in conflict people are in conflict. It means they’re not on the same page, and are unlikely to get there if the differences are fundamental.

Solution

• Values differences are almost impossible to reconcile because people are being driven by fundamentally different things.

• If they’re working together in a family business, unless differences can be reconciled through skilled mediation, the best thing is probably separation - to preserve the family by avoiding making the business a battleground.

I'm interested in your thoughts and comments below.

#succession #business #conflict