New Book from BCG Helps Family Businesses Work Through Inevitable Conflict
MUMBAI, India, Aug. 9, 2022 /PRNewswire/ -- Family businesses are uniquely at risk because of likely disputes among family members. But that doesn't have to be the case. Conflict can be identified, addressed, and mitigated so it does not disrupt operations or diminish business value, according to a new book from Boston Consulting Group (BCG) being published today.
- Authors Guide Leaders of Family Businesses Toward Thoughtful, Tailored Approaches to Preventing and Mitigating Conflict That Can Destroy Business Value
MUMBAI, India, Aug. 9, 2022 /PRNewswire/ -- Family businesses are uniquely at risk because of likely disputes among family members. - Says Sinha, lead author and chairman of BCG India, "Mahatma Gandhi said, 'Peace is not the absence of conflict, but the ability to cope with it.'
- The book begins with thoughtful guidance that helps family business leaders reflect deeply on the defining attributes of their family and their relationship with the business.
- The book cites data from the International Finance Corporation (IFC) estimating that 80% of businesses globally are family owned.