Stages of Evolution of Family Enterprises

Fred Neubauer and Alden G. Lank

Chapter 2 in The Family Business, 1998, pp 26-55 from Palgrave Macmillan

Abstract: Abstract Part of the task of Chapter 1 was to grapple with the thorny issue of defining the subject of this book: the family enterprise. When reading the many definitions cited, one is struck by how many seem to convey a static, non-dynamic picture of the family firm. Yet both intuitively and experientially we know that all enterprises, whether or not they are family managed and/or owned, are anything but static. They change, transform, mutate and evolve over time. In other words they are dynamic. They share this vital characteristic with all organisms, plant or animal but most especially, in our context human.

Keywords: Family Firm; Family Business; Life Cycle Model; Family Enterprise; Family Shareholder (search for similar items in EconPapers)
Date: 1998
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DOI: 10.1007/978-1-349-14465-5_2

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