characteristics of family busi
English Public
It is known by those involved that the characteristics of a family business are in a somewhat different magnitude to another company.
Knowing what belongs to whom, and what activities should make such a person is important for harmony remains within the company and the family. If the company is in the stage of the founder, it is easy for him to have control over and decide how they will be allocated the resources generated by the company. But once the second generation begins to grow, and have a desire to continue with the company, it is important that the roles of each of those involved are defined.
To learn a little more to this complex world I have added the following.
Definitions Of A Family Business
Here I will mention some important concepts surrounding a family business.
https://crgsoft.com/10-characteristics-of-a-family-business/
“It is one in which the property and decisions are dominated by members of a group of emotional affinity.” (Carsud, 1996)
“The property control is allocated to a member or members of a single family.” (Barnes and Hershon, 1989)
“A company in which one family owns most of the capital and has total control. The family members are also part of the management and make important decisions.” (Gallo and Veen, 1991)
“The company that will be transferred to the next generation of the family to the command or control”. (Ward, 1995)
“Family business is one in which a family group is able to appoint the chief executive of the company, setting the business strategy of it all with the aim of generational continuity, based on the joint desire of founders and successors to maintain control of ownership and family management.”(Crown, 2004)
“A family business is any business in which several family members assume management or active responsibility as owners. One has a family business if you work with someone from your family in a business belonging to the two or belong to them someday . the essence of a family business is that blood is shared, work and ownership of the company. ” (Jaffe, 1991)
The concept of family business is used when the aspect to be emphasized is linked more to the family institution, the group of people who also share a family relationship, owns, controls and / or directs a particular business, assets or business organization.
Given what is a family business, you need to understand what they control. The family business maintains relationships at various levels to professional and personal. The complexity of family businesses lies especially those relationships.
Knowing what belongs to whom, and what activities should make such a person is important for harmony remains within the company and the family. If the company is in the stage of the founder, it is easy for him to have control over and decide how they will be allocated the resources generated by the company. But once the second generation begins to grow, and have a desire to continue with the company, it is important that the roles of each of those involved are defined.
To learn a little more to this complex world I have added the following.
Definitions Of A Family Business
Here I will mention some important concepts surrounding a family business.
https://crgsoft.com/10-characteristics-of-a-family-business/
“It is one in which the property and decisions are dominated by members of a group of emotional affinity.” (Carsud, 1996)
“The property control is allocated to a member or members of a single family.” (Barnes and Hershon, 1989)
“A company in which one family owns most of the capital and has total control. The family members are also part of the management and make important decisions.” (Gallo and Veen, 1991)
“The company that will be transferred to the next generation of the family to the command or control”. (Ward, 1995)
“Family business is one in which a family group is able to appoint the chief executive of the company, setting the business strategy of it all with the aim of generational continuity, based on the joint desire of founders and successors to maintain control of ownership and family management.”(Crown, 2004)
“A family business is any business in which several family members assume management or active responsibility as owners. One has a family business if you work with someone from your family in a business belonging to the two or belong to them someday . the essence of a family business is that blood is shared, work and ownership of the company. ” (Jaffe, 1991)
The concept of family business is used when the aspect to be emphasized is linked more to the family institution, the group of people who also share a family relationship, owns, controls and / or directs a particular business, assets or business organization.
Given what is a family business, you need to understand what they control. The family business maintains relationships at various levels to professional and personal. The complexity of family businesses lies especially those relationships.
by honeylee
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