Dubai unveils two toolkits for resolving family business conflicts

The Dubai Centre for Family Businesses, under the Dubai Chamber, recently released two toolkits designed to provide family businesses with practical resources to effectively resolve disputes and navigate the complex relationships that impact family business dynamics. The launch of these two toolkits demonstrates the center's commitment to supporting the sustainable development of family businesses.

The first toolkit, titled "Navigating Family Business Dynamics Using Genograms," highlights the application of genograms as a powerful tool for gaining a deeper understanding of the relationships that influence business operations. Family relationships are considered central to decision-making, succession planning, and daily management processes. Genograms not only display biological connections but also provide a comprehensive view of emotional ties, social roles, and professional relationships.

Genograms, as a visualization tool, can map family and group relationships across generations. This tool is widely used in fields such as medicine and psychology and is considered an effective method for analyzing family dynamics. Family businesses can utilize this tool to manage these connections more effectively, thereby better understanding and addressing the complex relationships within the family.

Meanwhile, the "Conflict Resolution Mechanism" toolkit provides actionable guidance for resolving conflicts within family businesses. This toolkit outlines a structured and effective approach to overcoming disputes and fostering harmony, ensuring business continuity while maintaining family relationships. The toolkit emphasizes that disputes arising from differing perspectives, interests, or values among family members should be managed strategically.

The guide covers the essential elements of conflict resolution mechanisms tailored for family businesses, identifies the parties responsible for managing such situations, and includes a conflict resolution charter. Furthermore, it outlines several proactive methods for addressing, assessing, and mitigating disputes to minimize their impact on family business dynamics. The toolkit aims to promote understanding and cooperation to ensure business success while maintaining strong family ties.