Sibling rivalry in a family business

Question

Quizplus · Accepted Answer

Sibling rivalry can often create disagreements about business policy because each sibling may have their own ideas and vision for the company. This can lead to conflict and tension within the business. While it may not always affect nonfamily members directly, it can still have an impact on the overall dynamics and success of the company. Roles being determined before the siblings join the business may help mitigate some potential rivalry, but it is not a guarantee. Sibling rivalry is also not necessarily always good as it can sometimes harm relationships and impede productivity.

Sibling Rivalry in a Family Business