4 Tensions in Family Businesses — and How to Work Through Them

Amy Castoro, Fred Krawchuk
Published: Apr 22, 2021

Many family businesses lack a sense of shared purpose. Family members too often avoid tough issues by avoiding meaningful conversations. Left unaddressed, these tensions increase distrust in families and obstruct performance in their organizations. But with the right skills, high-trust relationships and structures in place, such breakdowns can be overcome. This article discusses some practical suggestions for aligning a family business’s shared purpose, mutual trust, and collective decision making.

Lost your password? Please enter your username or email address. You will receive a link to create a new password via email.