A Family Divided: Strategies to Manage Estrangement and Conflict

Family estrangement can significantly impact the functioning and success of a family business. Estranged family members may withdraw their support or refuse to collaborate, which can hinder business operations and growth. Moreover, the emotional toll of estrangement can affect decision making and day-to-day interactions, creating a tense and unproductive work environment.Join Daniel Van Der Vliet, professor and executive director of the Smith Family Business Initiative at the Cornell SC Johnson College of Business, as he delves into successful strategies for individuals who have a chance to repair family rifts or find peace when reconciliation is not possible. We will look at why the health of the family unit is intrinsically linked to the health of the family business, making it crucial to address and manage both personal and professional conflicts effectively.What You'll LearnHow major organizations handle changes at the top among family membersWhy governing bodies are so critical when it comes to managing a family businessStrategies to repair rifts in a relationship that can also mend a working relationshipThe Cornell Keynotes podcast is brought to you by eCornell, which offers more than 200 online certificate programs to help professionals advance their careers and organizations. Learnmore in our Family Business Leadership certificate program co-authored by Daniel Van Der Vliet.Did you enjoy this episode of the Cornell Keynotes podcast? Watch the full Keynote. Follow eCornell on YouTube, Facebook, Instagram, LinkedIn, TikTok, and X.