Family businesses managing conflict

In a recent survey by Family Business Australia it was found that: 70% of Australian businesses were run by a family; 66% of current CEO’s were 50 year or older; 20% of current CEO’s were over 60 year old; and 60% experienced conflict within the business over the last 12 months . . . This conflict was predominately around business vision, goals and strategy; how decisions are made; financial stress; managing growth and competence of family members. With all this conflict and change going on maybe some expertise in negotiation & communication is needed.

Written by Richard Groom, principlefocus NSW