I recently read a good article on the FastCompany.com site titled How Great Family Businesses Skirt The Feuds, And Other Pitfalls, on how three different family businesses have managed to run successful organizations without the resentments and turf wars that often infiltrate such situations.
This article discusses the importance of trust and collaboration, and clear delegation of responsibility. While these are not radical concepts in the business world, they often become more challenging within the family dynamic. It's interesting to read how these businesses navigated these issues.
If you work in a family business, I'd be interested in hearing how you have dealt with the complexity of running an operation and keeping peace in the family.
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