Tag Archives: Family business

Lessons from the pirates: Dispute resolution

The pirates knew what to expect if they had a disagreement—they would be pardoned once, and then they could expect to be punished or brought ashore. The key to success was the fact all pirates knew exactly how disputes would be dealt with, and the fact the rules also outlined certain unacceptable actions.

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Family business continuity: A well-oiled machine

Overcoming negative trends in family business succession is only possible if attention is paid to the many moving parts inherent in running a business as a family. This article, the second in a two-part series, delves into each of these items and the considerations that must be made to ensure they work cohesively.

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