family business conflict

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Punishment, Reward, Control: How Money Shows Up in the Business Family

In popular culture, the portrayal of family businesses in movies and TV shows, such as Ridley Scott’s "House of Gucci" or HBO’s "Succession," often revolves around the pursuit of wealth and the Read More...

Category: Applied and Practice

Authors: Claudia Binz Astrachan and Anneleen Michiels

Good Intentions Can Sow Dysfunction at Family Businesses

People wear many hats at family businesses: owners, managers, and family members. All too often, says family business advisor Sara B. Stern, they're thinking like family members rather than owners Read More...

Category: Interviews

Authors: Kimberly Eddleston and Sara Stern

Interviewee: Sara Stern

Do You Treat In-Laws Like the Family Business Outlaws ?

Have you heard this before? “If it wasn’t for my in-laws, our family would be fine!” Such frustrated statements are typically followed by rants about how someone spends too lavishly, does not Read More...

Category: Applied and Practice

Authors: Claudia Binz Astrachan , Joseph Astrachan and Torsten Pieper

Let's Talk About Money -- and Trauma

For better or worse, our genetics and childhood experiences spill into our adult lives -- and in the case of family businesses, they affect how we view our family coworkers and the wealth our Read More...

Category: Interviews

Author: Kimberly Eddleston

Interviewee: Ruschelle Khanna

5 Ways to Keep Your Kids From Fighting Over Your Will

It is your worst nightmare. You’ve passed away, and now your adult children no longer speak to each other. Circumstances around your death have destroyed the family you spent your life building, Read More...

Category: Features

Author: Patrick O'Brien

'Succession' Hits Close to Home at Family Firms

HBO The HBO hit series "Succession" -- detailing the family business conflict, backstabbing, jealousy and double-dealing at the fictitious family-run media empire Waystar Royco --has won several Read More...

Category: Interviews

Author: Kimberly Eddleston

Interviewee: Spencer Burke

How to Fix Succession Conflicts Stemming From Complicated Families

Part 2 of a two-part series. Read part 1 here . Family business succession planning is a difficult process – and it is even more challenging in cases where divorce and adoption complicate family Read More...

Category: Research Insight

Authors: Leona Rethmann and Nadine Kammerlander

Developing Your Business Family Strategy: Where to Start and What to Consider

Successful, long-lasting business families share an understanding of what is important to them, what they want to do together, and how they want to work together to achieve their collective goals and Read More...

Category: Applied and Practice

Authors: Tom Rüsen , Isabel C Botero , Arist von Schlippe and Torsten Groth

'CHAOS' Brings Order to Family Businesses

Many people make the mistake of thinking that family businesses are simple businesses. Nothing could be further from the truth. The coexistence of two systems with differing ways of thinking—the Read More...

Category: Commentary

Author: Salvatore Sciascia

It’s Complicated: Managing Succession in Cases of Divorce and Adoption

Part 1 of 2 -- Family business succession planning clearly is among a family business’s most challenging events and plenty of experts have weighed in on how to do it right. However, most of their Read More...

Category: Applied and Practice

Authors: Nadine Kammerlander and Leona Rethmann