The two greatest threats to the successful continuity of family businesses are conflict and succession. Conflicts in family businesses are rarely caused by poor business performance; most conflicts arise because the family owners perceive that their needs are not met.
These causes include; rules, roles, dual relationships, differing vision, succession, jealousy, poor communication, poor conflict management skills, introducing a fulltime roles, equality in rewards and spillover theory
Here are 7 of the most common issues we have seen family members argue over.
- Money. Money is a big one, of course. …
- Family Business. …
- In-Law Related Conflict. …
- Conflict Over Family Events. …
- Sibling Conflict Over Care of Elderly Parent. …
- Stepparent-Stepchild Conflict. …
- Divorced Parents Conflict Over Care & Discipline of Children
Family conflict refers to active opposition between family members. Because of the nature of family relationships, it can take a wide variety of forms, including verbal, physical, sexual, financial, or psychological.