Emotions and values change as roles and time change in our family business. Parents frequently start out with a survival mentality—control, sacrifice, and discipline. They might become more interested in emotional ties, mentoring, and legacy as they get older. In-laws offer new viewpoints that occasionally go against custom while also enlarging the cultural perspective. Siblings can shift from competition to cooperation, or they can exacerbate existing conflicts. Once devoted outsiders, managers can develop into trusted insiders by balancing loyalty and reason. Passion and conflict give way to introspection and stewardship as the emotional climate evolves over time, influencing not only business choices but also the overall well-being of the company culture.
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Family Business Labs
"The Successor's Paradox"
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