Recognising roles and responsibilities, boundaries and terms of office are important in minimising the risk of disputes and conflict in the family firm. Clear and considered communication helps to mitigate the risk.
Historically daughters were not considered for succession into managerial positions in family businesses. Gender used to be a main fact when determining a successor, with...
The hidden pressures that can make managing family businesses a challenge. Penny Webb reflects on the hidden pressures that can make managing family businesses so...