Facilitating Family Business Mediation
Order ID 53003233773 Type Essay Writer Level Masters Style APA Sources/References 4 Perfect Number of Pages to Order 5-10 Pages Description/Paper Instructions
Facilitating Family Business Mediation
Family businesses are a unique form of enterprise that face a different set of challenges compared to non-family businesses. Conflicts between family members can arise over a wide range of issues, including succession planning, ownership, roles and responsibilities, financial management, and interpersonal relationships. These conflicts can negatively impact the family as well as the business, leading to decreased productivity and profitability.
Mediation is a process in which an impartial third party helps to facilitate communication and negotiation between parties in order to reach a mutually agreed upon solution. Mediation can be a valuable tool for resolving conflicts in a family business, as it provides a safe and non-adversarial environment for family members to discuss their differences.
Here are some steps for facilitating a successful family business mediation:
Identify the main areas of conflict: Before the mediation process begins, it is important to identify the areas of disagreement between family members. This will help the mediator to better understand the issues at hand and develop a plan for addressing them.
Prepare the parties: The mediator should provide clear information about the mediation process and what is expected of the participants. This includes setting ground rules for the conversation, establishing an agenda, and ensuring that everyone is prepared to actively participate.
Encourage active listening: One of the main challenges in family business conflicts is that family members often have strong emotional ties and can be quick to become defensive. The mediator should encourage active listening, which involves truly hearing what others have to say and understanding their perspective.
Promote open communication: Encouraging open and honest communication is key to resolving conflicts in a family business. The mediator should create an environment in which family members feel comfortable sharing their thoughts and feelings and should encourage the parties to speak directly to one another.
Identify common goals: The mediator should help the parties to identify their common goals and to focus on finding solutions that benefit everyone. This can be particularly important in family business conflicts, where the well-being of the family and the business are often intertwined.
Focus on the future: It is important to keep the focus on finding solutions that will work for everyone in the future, rather than dwelling on past conflicts or assigning blame. The mediator should help the parties to consider the long-term impact of their decisions and to find solutions that will be sustainable over time.
Encourage compromise: In order to reach a mutually acceptable solution, the parties may need to compromise. The mediator should encourage compromise by highlighting the benefits of finding a solution that works for everyone, and by helping the parties to understand that compromise is not the same as giving in.
Document the agreement: Once a resolution has been reached, it is important to document the agreement in writing. This will help to ensure that everyone is on the same page and will provide a reference for the future if needed.
In conclusion, family business mediation can be an effective tool for resolving conflicts and preserving relationships within the family and the business. A skilled mediator can facilitate open communication, encourage active listening, promote compromise, and help the parties to reach a mutually acceptable solution. By following these steps, family business mediations can help to ensure a successful outcome for everyone involved.
Facilitating Family Business Mediation
RUBRIC
QUALITY OF RESPONSE NO RESPONSE POOR / UNSATISFACTORY SATISFACTORY GOOD EXCELLENT Content (worth a maximum of 50% of the total points) Zero points: Student failed to submit the final paper. 20 points out of 50: The essay illustrates poor understanding of the relevant material by failing to address or incorrectly addressing the relevant content; failing to identify or inaccurately explaining/defining key concepts/ideas; ignoring or incorrectly explaining key points/claims and the reasoning behind them; and/or incorrectly or inappropriately using terminology; and elements of the response are lacking. 30 points out of 50: The essay illustrates a rudimentary understanding of the relevant material by mentioning but not full explaining the relevant content; identifying some of the key concepts/ideas though failing to fully or accurately explain many of them; using terminology, though sometimes inaccurately or inappropriately; and/or incorporating some key claims/points but failing to explain the reasoning behind them or doing so inaccurately. Elements of the required response may also be lacking. 40 points out of 50: The essay illustrates solid understanding of the relevant material by correctly addressing most of the relevant content; identifying and explaining most of the key concepts/ideas; using correct terminology; explaining the reasoning behind most of the key points/claims; and/or where necessary or useful, substantiating some points with accurate examples. The answer is complete. 50 points: The essay illustrates exemplary understanding of the relevant material by thoroughly and correctly addressing the relevant content; identifying and explaining all of the key concepts/ideas; using correct terminology explaining the reasoning behind key points/claims and substantiating, as necessary/useful, points with several accurate and illuminating examples. No aspects of the required answer are missing. Use of Sources (worth a maximum of 20% of the total points). Zero points: Student failed to include citations and/or references. Or the student failed to submit a final paper. 5 out 20 points: Sources are seldom cited to support statements and/or format of citations are not recognizable as APA 6th Edition format. There are major errors in the formation of the references and citations. And/or there is a major reliance on highly questionable. The Student fails to provide an adequate synthesis of research collected for the paper. 10 out 20 points: References to scholarly sources are occasionally given; many statements seem unsubstantiated. Frequent errors in APA 6th Edition format, leaving the reader confused about the source of the information. There are significant errors of the formation in the references and citations. And/or there is a significant use of highly questionable sources. 15 out 20 points: Credible Scholarly sources are used effectively support claims and are, for the most part, clear and fairly represented. APA 6th Edition is used with only a few minor errors. There are minor errors in reference and/or citations. And/or there is some use of questionable sources. 20 points: Credible scholarly sources are used to give compelling evidence to support claims and are clearly and fairly represented. APA 6th Edition format is used accurately and consistently. The student uses above the maximum required references in the development of the assignment. Grammar (worth maximum of 20% of total points) Zero points: Student failed to submit the final paper. 5 points out of 20: The paper does not communicate ideas/points clearly due to inappropriate use of terminology and vague language; thoughts and sentences are disjointed or incomprehensible; organization lacking; and/or numerous grammatical, spelling/punctuation errors 10 points out 20: The paper is often unclear and difficult to follow due to some inappropriate terminology and/or vague language; ideas may be fragmented, wandering and/or repetitive; poor organization; and/or some grammatical, spelling, punctuation errors 15 points out of 20: The paper is mostly clear as a result of appropriate use of terminology and minimal vagueness; no tangents and no repetition; fairly good organization; almost perfect grammar, spelling, punctuation, and word usage. 20 points: The paper is clear, concise, and a pleasure to read as a result of appropriate and precise use of terminology; total coherence of thoughts and presentation and logical organization; and the essay is error free. 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The paper has slight errors within the paper. This can include small errors or omissions with the cover page, abstract, page number, and headers. There could be also slight formatting issues with the document spacing or the font Additionally the paper might slightly exceed or undershoot the specific number of required written pages for the assignment. 10 points: Student provides a high-caliber, formatted paper. This includes an APA 6th edition cover page, abstract, page number, headers and is double spaced in 12’ Times Roman Font. Additionally, the paper conforms to the specific number of required written pages and neither goes over or under the specified length of the paper.
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