Introduction The main story of the case Precista Tool AG is about the conflict in a family business, which showed in the following areas: (1) Parent-child conflicts & family dynamics; (2) Management succession problems; (3) Business-family complications and (4) The plight of women managers. Mr. Huebel and his daughter Greta have different insights in several aspects in the management of the business after Greta was appointed as the manager of financial and administrator of the company in 1983. During this …showed first 75 words of 1388 total…

…showed last 75 words of 1388 total…freely express feelings iii.Discuss working relationships iv.Share points of view v.Resolve personal issues b.Other Weekly Meetings to accommodate non-family members 2.Introducing Professional Management a.Provide objectivity b.Encourage professional attitudes in family members 3.Smoothing: minimize differences, focus on sharing, provide reassurance; 4.Compromise a.win-win situations b.parties make concessions 5.Redesigning the Structure of the Business c.Introduce a reporting hierarchy d.Separation of roles and responsibilities e.Clear delineation of mandates