In the case of a family business, how can family members avoid intra-family strife?
What will be an ideal response?
To avoid having the diversity of values, goals, and motivators from becoming the source of intra-family strife, you and the other family business members should respect one another's differences by:
1. Being certain that all family members know and accept that they are not forced to enter the management of the business if they don't want to.
2. Providing each member of the family business with the opportunity to obtain education and experience outside the business. Working in other businesses will provide knowledge and skills that cannot be provided solely from within the family business.
3. Allowing each family member who does wish to enter the business to find out and do those functions and activities that he or she does best.
4. Not assuming that the leadership of the business must come from within the family. Being part of the family does not guarantee business leadership skills.
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Fill in the blank(s) with correct word