Abstract

Many studies confirm that strong families increase the probability of performance and continuity of the family business. Just as well ownership can encourage the development of extended families as they are not commonly found in western societies. In the article at hand the business is understood as a source of reasonable demands a family has to handle. The crucial point is that the family can strengthen itself by successfully and continuously managing these demands. But the fewest families are able to do so over several generations. Surprisingly in these rare cases of long lasting business families there often found specific and unique routines and instruments. In this article the question is pursued how the mentioned routines and instruments are linked together with the longevity and stability of extended business families. In an introducing passage, the subject matter is put into the context of family business research and popular guidebooks.

Full Text
Paper version not known

Talk to us

Join us for a 30 min session where you can share your feedback and ask us any queries you have

Schedule a call

Disclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.