A man’s world?

by Josiane Fahed-Sreih

[inlinetweet prefix=”” tweeter=”” suffix=””]As an area of study, family business has progressed from poor beginnings to a considerable conceptual and theoretical body of knowledge around the turn of the twenty-first century. [/inlinetweet]Nonetheless, different definitions of “family business” continue to be used as the foundation for study in this sector. Some definitions emphasize the degree of family ownership, while others emphasize the degree of family involvement in the firm’s management operations. For example, a “family firm” is one in which owner-managers perceive their company to be a “family business” and consciously support this perception by including family benefits as major components of the firm’s performance objectives (such as tax benefits for the family above and beyond simple profit maximization).  Family businesses has notably contributed to several innovations that are beneficial to humans and societies, and such businesses tend to be longterm in order to give the children and grandchildren of the

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