When a family-owned business has two siblings at the helm, how effectively they resolve conflicts – or ignore them – is crucial. As one well-known New England brother has said, he learned that family was more important than always being right. In their case, it worked. They even became TV stars in their ads. I suppose there were other corrective mechanisms behind the scenes or ones that would kick in later. We’ll see the biz school case study in time, no doubt. On the other hand, differences can also lead to lawsuits, the breakup of the company, even its sale to rivals, perhaps followed by a longstanding refusal to speak to each other. We’ve also seen those headlines.
Do you know of any businesses like this?
