The FBF assignments purpose to comprehend select core/primary criteria which affects the welfare of both the family and their business enterprise. Research dedicated to understanding and supporting successful family owned businesses consistently evidence the presence of competencies that master certain core details crucial to the well-being of both the family and their business. Conversely, families that neglect to master these competencies are shown to suffer adversities that include strife, divisiveness, sub-par performance, wealth depletion, and in some cases family and/or enterprise ruination.
Include your name, course information = course number, section and term, title of the assignment and date. Double space and use size 14 font. Formatting should be flawless. Writing in the 1st person voice is not permitted for Profile Assignments. Essays that do not comply with these fundamental specifications will lose points for neglect.
Research, then synthesize your discoveries into a 250 word informational paper (the product of what you have learned). Content should be substantial and derived from legitimate sources having academic credibility. Assignment submissions are to be uploaded as a file on Canvas in either Word or .pdf format. Your work should be well written, in an essay format with citations (APA), organized, clear, concise and coherent. Your essay should be informative, explanatory and descriptive. This is not an opinion essay. Assuming you are not an authoritative, credible academic subject matter expert on the assigned topic, support the credibility of your content and any claims made.
Conflict
Conflict is inevitable. Family and business relationships can be, and often are complicated. Combine family and enterprise, and there will be a unique, high stakes potential that often provides advantage but can also be the source of regression that deteriorates into catastrophe. In the event of conflict among stakeholders, it is universally agreed that resolution though difficult, offers the most likely chance for a positive outcome.
Successful family owned businesses work hard to avoid conflict; proof of this can be discerned from their collective values. Additionally, when conflict does arise, these familys respect the importance and the priority of fair and just resolution. The wise also know that they may very well need outside help to work toward resolution, so they are not reticent to seek the services of a dispute resolution professional.
This informative essay is brief, only 250 words. There is no room for wordy, rambling long-windedness. The goal is to demonstrate a command of the topic, by concise, direct and credible written expression. The rubric used to grade this essay will prioritize degree of comprehension of the topic and its relevancy to family owned business. No introduction, no conclusion, and no vague fluff cut to the chase, make the point effectively and efficiently. Students who complete the FBF assignment capably and with superior command are the ones who include support for their claim and cite the sources that informed their essay.
Research the subject matter and develop a perspective on sources and types of family and business conflict, the skill of preventing conflict, and resolving it effectively. Provide examples there is no shortage. Critically present your research on conflict and its impact on the family and their business enterprise