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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Contributors
- John Sanders, Heriot-Watt University (author) http://orcid.org/0000-0002-2240-6269
For the source title:
- Norin Arshed, Heriot-Watt University (Editor) http://orcid.org/0000-0002-6775-1840
- Mike Danson, Heriot-Watt University (Editor) http://orcid.org/0000-0003-1041-0022
Cite as
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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