Meetings with stakeholders of family businesses can be difficult and risky whether they are in the board room or the living room; with family or with key non-family members and advisors. Such meetings can often begin casually and escalate into conflict. Or, they can be well planned but still not accomplish their intended purpose.
CMP believes that conflict in a family business is not about individual disputes, but is systemic and requires a more comprehensive approach to manage not only disputes, but the issues which connect these disputes. CMP practitioners have the depth of experience and training to address the underlying structural and emotional issues which need to be addressed to support the important continuing relationships.
CMP’s experienced advisors help stakeholders prepare and hold effective meetings and help them be better prepared for the inevitable impromptu meeting. They accomplish this by helping all stakeholders
- better understand their roles in the family business
- better understand the mechanics of running successful meetings
- create appropriate venues and practices to talk about difficult or conflictual issues
- build alignment of strategic goals and vision in both business and family
- communicate better in business and with family.
The importance of being able to hold productive meetings while managing the inherent conflicts among stakeholders in a family business cannot be overstated. Meetings are how families get things done, how they grow relationships, and how they maintain alignment in their strategic goals and vision. CMP practitioners help family members and stakeholders develop the skills to do just that.