A family business is a commercial organization in which decision-making is influenced by multiple generations of a family, related by blood or marriage or adoption, who has both the ability to influence the vision … See more

The interests of the entire family may not be balanced with the interests of their business. For example, if a family needs its business to distribute funds for living expenses and … See more

A genogram is an organization chart for the family. It is an enhanced family tree that shows not only family events like births and deaths, … See more

Fairness is a fundamental issue in family business decision-making. Solutions that are perceived as fair by the family and business … See more

A family business is the oldest and most common model of economic organization. The vast majority of businesses throughout the … See more

The challenge for business families is that family, ownership, and business roles involve different and sometimes conflicting values, goals, and actions. For example, family members put … See more

All businesses require planning, but business families face the additional planning task of balancing family and business demands. … See more