International Journal of Applied Research
Vol. 6, Issue 7, Part F (2020)
Unique challenges family managers of family-controlled business have including impartiality among family
This study explores some of the unique challenges family managers of privately held, family-controlled businesses face, including dealing with impartiality among family members. This research project focused on case studies of small, privately-held family firms that typically arise from a sole proprietorship to include firms with multiple family members.
The methods used for this study included personal interviews, direct observation, and analysis of public information regarding the case study subject firms. An interview process was established that consisted of specific questions regarding the topics of interest discovered during the review of the literature section. One or more individuals in each firm were asked to answer the interview questions, including the open-ended questions to allow the subjects to provide their perspective. Individuals interviewed consisted of family members and non-family employees.
The data indicates that family-owned firms have dynamics that differ from non-family-owned businesses. These dynamics affect many aspects of management organization, strategic decision-making, and competitiveness.
How to cite this article:
Scheibel J David, Dr. Kenneth Uzoma Chukwuba. Unique challenges family managers of family-controlled business have including impartiality among family. Int J Appl Res 2020;6(7):438-443.