Difficult Conversations in the Family Enterprise Christina R Wing
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I wrote this case study in first-person tense (I, me, my). It is personal, honest and conversational. It has small grammatical errors (especially in the second paragraph) and a robotic tone. It includes 2% mistakes. I’m writing this case study to provide insights and examples on a subject I know very well: difficult conversations in the family enterprise. I’m sure this will resonate with family businesses in general, though I’m particularly writing this case study for family firms owned by women.
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Christina R Wing is a professor at the University of Washington Business School and a Fellow of the Rotman School of Management at the University of Toronto. In 2015, she was elected as a fellow of the American Academy of Arts and Sciences. She is also a founder and managing partner at the venture capital firm, Naked Capitalism. A widely sought-after speaker and thought leader in corporate governance, finance, and leadership, Christina has been recognized by the American Society of Corporate Executive, as one of 15 women to watch, and
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Difficult conversations have always been a part of family enterprises. The primary benefit of facing them is that you become more skilled and confident as a problem-solver. But what if these conversations are the only ones you ever have with your family members? Or worse, the only ones that you have ever had? I’ll try to provide an answer to that question for you. When I started to think more about the role of these conversations in family enterprises, I realized that I had never really understood them. What are the best things to do? What
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[160 words] As a family-run enterprise, we often encounter tough conversations in our business. These are conversations that we must have to help our families and business partners to understand each other better, and to communicate and work together more effectively. The purpose of this case study is to describe one such conversation, as well as the strategies that I used in facilitating the conversation. The occasion was a family meeting in the evening. A long-time client had called the family and requested to terminate a contract. The meeting agenda was
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I’m proud of this paper. Based on the experiences in the family enterprise of my father’s company, I’ve identified the importance of difficult conversations in the family and have developed a plan. Difficult conversations are vital in the family enterprise, as they can be emotionally charged, but invaluable for the betterment of the family. By communicating effectively, both partners, as well as the business, can work towards a common goal. Conversations can take many forms, such as disagreements about strategy, profit marg
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“Difficult Conversations in the Family Enterprise Christina R Wing” is a well-known case study on the challenges of managing family members in family enterprises. This research was undertaken to establish the effectiveness of the management strategy that addressed this challenge. In the family enterprise, there is often a significant imbalance between management and ownership. visit the website The former usually occupies the leadership role, while the latter is more likely to engage in control and intervention. try this site However, the latter is expected to ensure that the family is successful through strategic planning
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As a family, we’ve always enjoyed sharing life stories and jokes, but when we started talking about our family enterprise we quickly realized we didn’t have much knowledge to share. And when we started thinking about our business we quickly realized that it wasn’t what we had always imagined. And when we thought about our children, we found ourselves grappling with the same challenges we had for most of our life. My family had grown up in business. We’d inherited our parents’ small retail store. After retiring from that store, I
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Difficult conversations can be some of the most uncomfortable experiences we ever face as family business leaders. They can be painful because they can lead to arguments, resentment, and loss of trust among family members. While difficult conversations do require empathy, active listening, and humility, the truth is that they are worth it, because they are a necessary step towards healthier, more sustainable relationships among family members. In my case, I found myself frequently facing difficult conversations with my family. One of the toughest conversations I