Description

Panelists: Dennis Passis and Heidi Vermeer-Quist

Do you have a strategy for navigating conflict within your family and family business? Family businesses seek prosperity in both areas, but underlying family conflict, differing below-the-line interests and underperforming business units often derail such aspirations for all. Then, these issues adversely impact the family business and family relationships. As recent speaker and family business guru Dennis Jaffe said, "a family business is the most complex organizational system that exists." While most family businesses are founded and managed by first- or second-generation family members, only about 10% make it to the third generation. The main reasons are conflicting personal interests and professional mismanagement. Session one of the 2022-2023 Virtual Breakfast Series will focus on tools to manage the complexities of family business, healthy boundaries, clarifying goals and roles, expressing commitments to the family and business, and tools for conflict resolution.