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Chapter 7 Family Business

DOI: 10.23912/978-1-910158-75-3-2873

ISBN: 978-1-910158-75-3

Published: 31 January 2016

Component type: chapter

Published in: Enterprise: Concepts and Issues

Parent DOI: 10.23912/978-1-910158-75-3-2848

Abstract

National statistics across countries suggest that 60% to 70% of all small firms (less than 50 employees) are family-owned. However, family firms can be difficult to define and categorize, as they participate in a myriad of activities and take many forms. Despite this diversity, common patterns and characteristics of working occur amongst family-owned firms. To appreciate family businesses requires an understanding of these unique characteristics and how they develop. The unique characteristics possessed by family businesses include the influence of family relationships, company culture and succession planning. Investigating the scope of family business research conducted is also worthwhile, as there are many gaps in our understanding of how family companies operate.

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Sanders, 2016

Sanders, J. (2016) "Chapter 7 Family Business" In: Arshed, N. & Danson, M. (ed) . Oxford: Goodfellow Publishers http://dx.doi.org/10.23912/978-1-910158-75-3-2873

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