Running a family business can be both rewarding and challenging. While the shared vision and long-term commitment are advantages, conflict in family business often arises due to overlapping personal and professional interests. Fortunately, there is a growing body of research offering solutions, particularly from the Journal of Family Business Management India.
Understanding Conflict in Family Business
Family businesses face unique challenges such as:
Succession disputes
Differences in leadership styles
Unequal involvement in business operations
Blurred lines between personal and professional life
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