Navigating relational rifts and communication clashes in the Peyton family firm

Gaia Marchisio, Eric R. Kushins and Robert Randolph

Chapter 1 in Case Studies in Family Business, 2024, pp 9-25 from Edward Elgar Publishing

Abstract: Before starting APS Inc., a B2B service company, in the early 1990s, Peter Peyton was a third-generation member of his family’s business. Peter and his wife, Maggie, have four children. Peter’s dream was to work with his children and provide a springboard for their own entrepreneurial careers. To support the business, Peter exhibits workaholic behaviors and has an ultraconservative approach to spending money. Peter was physically and emotionally absent from home during the start-up but sees himself as family patriarch with decision-making authority. After graduating from college and working in a consulting firm, Johnny, the eldest son, accepted Peter’s invitation to join the firm, which doubled in size in two years. Johnny believed his success warranted him dominant control. The working relationship descended into daily fights and coalition sabotage for authority, hindering the firm’s success. Maggie secretly seeks help from family business consultants to address the rift between father and son.

Keywords: Business and Management; Economics and Finance (search for similar items in EconPapers)
Date: 2024
References: Add references at CitEc
Citations:

Downloads: (external link)
https://www.elgaronline.com/doi/10.4337/9781035307357.00012 (application/pdf)
Our link check indicates that this URL is bad, the error code is: 503 Service Temporarily Unavailable

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:elg:eechap:22095_1

Ordering information: This item can be ordered from
http://www.e-elgar.com

Access Statistics for this chapter

More chapters in Chapters from Edward Elgar Publishing
Bibliographic data for series maintained by Darrel McCalla ().