Understanding The Family Business

• As a supplemental text for university undergraduate or graduate level courses such as small business management, introduction to business, entrepreneurship, or family studies.
• Members of family businesses will benefit from the book as an introduction to the unique nature of family businesses.
• Professional advisors to family firms such as accountants, attorneys, bankers, insurance providers, and financial services professionals may develop a better understanding of their clients.
• Suppliers to family businesses will gain insight to this important business customer.

much of the literature on family business is from the united states; an attempt has been made to present relevant international information, as well. the authors uniquely include just how to define a family business and provide an overview of family business. they also include the many differences between a family owned business and a non-family owned business; the major family business theories; how family firms make business decisions; and effective family business governance and use of advisors and boards.

This book will be a useful and much-needed tool for so many people, and the authors conclude this book with future research to advance the study of family business.