A FAMILY MATTER 

Understanding family business relationships

In order to run a successful family business, having a proper governance structure, high profits, and global brand recognition is not enough; none of these things matter once relationships between family members turn sour and conflict rears its ugly head. 

 ADDITIONAL READING 

Family Relationships Articles

Patagonia Store

Sold! 8 Family Business Buy Outs

Even the most successful multigenerational family firms are often sold by their founding families. The reasons families make the difficult decision to sell their businesses are as varied as the enterprises themselves,...
Lahina Fires

The Social Impact of Family Businesses

Family businesses have a long history of caring for communities and springing into action when there is a threat to the well-being of others. Without question, the spirit of giving is essential...
Mexico City Skyline

The 10 Largest Family Businesses in Mexico City

Mexico City is one of the world’s most populated cities and home to a wealth of family firms. With its industry, infrastructure, and central location in the Americas, Mexico City has emerged...
Snowman in a winter scene. Digital illustration.

The (Complicated) Multigenerational History of The Scrooge Group

This article is fictional by Sophia Scrooge, 8th-generation family CEO and chair Like most family businesses that have been operating for nearly 200 years, The Scrooge...
Illustration of a businessperson surrounded by sharks

Economic Concerns Overshadow Growth Opportunities for Australia’s Family Businesses

There are more than 1.4 million family firms operating in Australia, representing 70% of the country’s businesses, and employing 50% of the nation’s workforce. Small businesses and family enterprises account for over...