How to Prevent and Manage Family Business Conflict: Decision Making and the Family Business Constitution

by Matthew Levy Conflict among family members at home, at work, or in the board room can wreak havoc on individuals, family relationships and the stability of the family business. Managing decision making productively and preventing significant conflicts should be a primary objective for anyone in a family business.   For the Family in Business there are three main causes of conflict: Lack of alignment as it relates to vision, values, expectations and policies The challenges of managing disagreements Strong emotions and sometimes even volatility The Family Business Constitution Every family in business together should have a Family Business Constitution, [...]

Don’t Let Team Dysfunction Ruin Year-End Business Planning

Executive team dynamics can get in the way of developing and executing next year's strategies. Here’s why—and how to identify the elephant in the room. A healthy executive team rationally looks at last year’s performance and devises a clear strategy that sets the business up for success. But when team dynamics clouds the picture, strategies and budgets wind up weak or incomplete. And team members don’t fully commit to the plans, objectives, and actions necessary for success. Sometimes, these issues stem from legitimate disagreements about the best path forward. Other times, executives lack the skills and ability to align, a [...]

Get Results and Be Great with People

By Matthew Levy  Problem: The executives that I speak with want to get better results at work. Some people push too hard and are perceived as jerks or bossy overlords. Other people struggle to get results because they’re weak, don’t to ask for what they want, or don’t hold others accountable. The Place to Start is Awareness: The place to start is awareness. Awareness of our strategy and tactics is helpful. And, awareness about how we are perceived by others at work is valuable. We can learn from that. When preoccupation about how we are perceived becomes a distraction, disempowering, [...]

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