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Family Business and Social Capital

Edited by Ritch L. Sorenson

The chapters in this cutting edge book comprise scholarly work on social capital in family business along with chapters written by family business owners and advisors. Topics covered include social capital as it relates to governance, trust, family and business identity, communication, family councils, work–family balance, and the use of advisors and continuing education to build social capital. Novel in its approach of integrating the voices of scholars, business families, and advisors, this book is useful not only for business research and classroom use, but also for business families and their advisors.
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Chapter 11: Summary of dialogue: using communication and family practices to develop social capital

Trina C. Smith

Extract

A family seems like a stable place, but life happens, which causes uncertainty or change. As one participant noted, you may have a family situation where everything is going along fine, including rituals and shared communication. Then a major change happens in the family, such as medical issues, disruption occurs, and this leads to destructive tension. So, in their words, “How do you upright the ship?”

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