Don't let the dynasty become a Dallas

Article Abstract:

Family-run businesses face conflicts that are much more emotionally charged than companies not run by family members. Strategies for avoiding and working through such conflicts include establishing rules at the formation of the company and managing conflict to maximize wins for all parties involved. Most conflicts center on individual roles rather than personality issues.

Group Dynamics, Usage, Human resource management, Interpersonal relations, Conflict management

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To keep it in the family, learn the secrets of succession

Article Abstract:

Family-run businesses face three major difficulties that can prevent long-term success. Lack of accountability results from inadequate or nonexistent performance reviews. Mediocrity occurs from assigning management roles to family members even if they do not have requisite skills or knowledge, and this in turn results in poor, ineffective governance.

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Family advice helps an auctioneer put his troubles behind him

Article Abstract:

The Melbourne, Australia-based family-owned auction business Leonard Joel has benefitted from the complementary skills of Warren Joel and his wife Kate. While Warren Joel runs the business, Kate Joel, a business consultant with no knowledge of the business, has been instrumental in the auction firm's success by providing modern management skills.

Miscellaneous retail stores, not elsewhere classified, Art Dealers, Auctioneers, Art Dealers, Australia, Economic aspects, Auction firms, Leonard Joel

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