Value Creation by Family-Owned Businesses: A Literature Review
The IUP Journal of Business Strategy, Vol. IX, No. 4, December 2012, pp. 35-45
Posted: 11 Dec 2012
Date Written: December 10, 2012
A family-owned business varies from the other existing forms of business in several ways. There are striking variances in the way family-owned businesses handle the management of business, beginning from management, control, succession planning, goals, risk taking and even the way they treat their employees. These factors affect the profitability and value creation by family-owned businesses. This study is an endeavor to review the extant literature related to family-owned businesses, and to point out the important issues in the Indian scenario.
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