They come in all shapes and sizes and range from multinational giants, such as Walmart, to the corner "mom and pop" store. ... The five key areas of conflict in family business are: capital, control, careers, conflict and culture. ... The last key area of conflict is the culture. Culture can be how the family interacts within the family to how the dynamic is in the family ran business. ... The best way to avoid culture conflict would be to have a company culture that is positive and strives to make the company more money as well as push the individual in the business to strive to be a better p...

• Word Count: 1227
• Approx Pages: 5
• Has Bibliography
• Grade Level: Undergraduate