Family business

Adrian Furnham

A chapter in Management Mumbo-Jumbo, 2006, pp 58-59 from Palgrave Macmillan

Abstract: Abstract In many parts of Asia (India, China) there is a long tradition of the family business. All members of the family are expected to work in the business which they know, one day, will become theirs. They are very common. Perhaps 80% of the world’s businesses are family firms. Certainly only just under half of the Fortune 500 companies are family owned and controlled.

Keywords: Minimum Wage; Family Firm; Emotional Intelligence; Family Business; Successful Business (search for similar items in EconPapers)
Date: 2006
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-230-62659-1_21

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DOI: 10.1057/9780230626591_21

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