In this article, we examine financial return, answer the question of how one knows when the return is adequate, and explore the relationship of short-and long-term returns as they relate to business health.
The interdependence between family and business systems in family business can create conflicts unknown to families without involvement in a business. Using a phenomenological approach based on extensive research and consulting experiences with families in business, we describe three of the most common conflicts that can result from the mutual impact of business and family systems. We provide ways to diagnose problem areas and offer intervention suggestions to produce change in the family business system.
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