Celtar
Celtar

Welcome to the web blog of Celtar, a management consultancy company based in Dublin, Ireland . The MD, Billy Linehan, is a business adviser and professional business mentor. How we meet your needs Projects • Assisted company “in recovery” from recent years of poor sales, new focus on strategy – and how to implement it • Chair and act as secretary of monthly management meetings • Introduce staff centred performance management systems, train managers • Advise MD on board matters, and communicating with shareholders • Train management team on “High Performance”

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Are Irish family businesses ready to deal with family conflict?

BillyBilly

Strategic planning is the key to managing internal family disagreements

Family business conflict never works

Family business conflict never works

Up to 25% of Irish family-run companies do not have a plan in place to deal with conflict between family members according to a recent report from PWC.

“While some family firms are managing strategic planning well, many are caught between the deluge of everyday issues and the weight of inter-generational expectations” according to PWC. In many companies succession planning “may not even be discussed or considered, which means different people are making different assumptions” about their future and the future of the business.

Below is a list of the methods used in family businesses to limit the effects of potential conflicts

 

family-biz-procedures-to-deal-with-conflict-pwc-research

All types of potential exits should be considered by owners of family businesses. At Celtar we work with business owners who wish

Our expertise is in the strategic planning for your goal, what are the options available AND what needs to be done in terms of planning and actions over a period of time. As independent management advisers who work alongside your solicitor and accountant, our external perspective  is valued by many clients. Your success in reaching your objectives is our success.

 

Great article from HBR Conflicts that plague family businesses and see our article on this blog Family businesses are different

Billy Linehan is a business mentor, facilitator and consultant based in Dublin, Ireland

Searching for truth in the news

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