For many families in business spending time together over the holidays can be tricky due to differences of opinion about the way things are being done, decisions that are being made etc.
Obviously, we are strong advocates of open and honest conversations and frameworks that help to reduce the risk of discord but we are not naive and appreciate that things can be difficult too. In fact, conflict can be a good thing as it brings topics to the fore and lets them get debated. However, doing it around the table at Christmas time is probably not the best approach and this piece from Indian entrepreneurs highlights some ways to strike a balance between their personal and professional relationships.
While there are some who successfully work with family and can often be heard saying that there could be nothing more fulfilling or enriching, there are a few who fight with no-holds-barred in full public view. Working in a family business can sometimes be a memorable experience or a fraught simply due to the fact that if something goes wrong, the damage can be quite upsetting. Right from the feud between Ambani brothers’ to the popular real estate developer Niranjan Hiranandani’s discord with his daughter, Indian family businesses have no shortage of examples that very well validate how devastating the aftermath can be.