what type of conflict are possible in family business? how can these conflicts be averted or overcome?
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Explanation:
Rivalry. ...
Favoritism or Nepotism. ...
Intrafamily Friction. ...
Hire wisely. ...
Have family meetings. ...
Establish shared family values, goals, and objectives. ...
When conflicts arise, take a structured approach to resolution. ...
Seek the help of mediators.
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