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Family owned businesses are presented with all of the typical business challenges—in addition to all of the issues and problems that occur within the family context. Although having a family business with sons and/or daughters and relatives in management positions can offer many advantages, when things go wrong, they tend to spiral out of control emotionally, and often times do not lend themselves to easy solutions. Even the most mundane matters related to the business can and do tear families apart or create a "we against them" mentality.
In some cases, the children are not quite ready to run the business when the patriarch or matriarch is ready to retire. And, there is always the challenge of whom to leave in charge when there are multiple siblings, cousins and other relatives at the top of the hierarchy. And, career paths that are blocked to non-family members can make it very difficult to attract and retain up-and-coming or established talent to the organization.
Our engagement model makes us uniquely qualified to assist family owned businesses of any size with just about any problem or challenge. Our director of People Issues and Behavioral Integration Management, Dr. Martin D. Cohen, is a licensed, PhD clinical psychologist with over three decades of practice in the corporate, government, non-profit, and private sectors. He'll lead the effort to guide your family during times of management transition, sibling rivalries, conflict between family members and non family managers and executives, and a variety of other scenarios unique to the family owned business.