BNET Business Dictionary
Business Definition for: Family Business
- a small or medium-sized business that is controlled and operated by members of a family. It may be organized as a sole proprietorship, partnership, corporation, or limited liability company.
Additional Resources
- Should You Join the Family Business?
- The decision to join a family business can be difficult because once you're in, you're in for the long haul. You can leave IBM with two-weeks notice. But mixing blood and money means you are committing big time to Johnson's Distributors or Jones and Sons Auto Repair. ...
- Blog posts 2008-08-06
- Relationships KEY to Family Business Success
- Perhaps the single most important element in the success or failure of a family business is the relationship among key members of the business family. Most businesses can survive the threats of competition, economic cycles, changes in technology, or other factors, but the deterioration of interpersonal relationships will devastate the...
- White papers 2003-01-01
- The Need to Explore Family Issues in Family Business Assessment
- Although most professional service advisors who are experienced in working with family businesses would agree that family issues influence business decisions, one holds the view that the nature of its impact on family business is more profound than "influence". Certain common family situations or events should serve as red flags...
- White papers 2003-01-01
- Flavor company Nielsen-Massey reports that it has been named the Small Family Business of the year for 2006 by Loyola University's Chicago Family Business Center.(Last Licks)
- * Flavor company Nielsen-Massey reports that it has been named the Small Family Business of the year for 2006 by Loyola University's Chicago Family ... * Flavor company Nielsen-Massey reports that it has been named the Small Family Business of the year for 2006 by Loyola...
- Research articles 2006-12-20
- Sauereisen Named Family Business of the Year.(Sauereisen Inc. named by Family Enterprise Center, University of Pittsburgh Katz Graduate School of Business)(Brief Article)
- Sauereisen, Inc. was among the 12 recipients of the Western Pennsylvania Family Business of the Year award, given by the Family Enterprise Center at the University of Pittsburgh Katz Graduate School of Business. Celebrating its sixth year, the Family Business of the Year award program recognizes...
- Research articles 2000-09-01
- Financing Family Business: Alternatives to Selling Out or Going Public
- Family businesses, whether private or public, constitute a major segment of the American economic system. A conceptual framework, from a financial practitioner's perspective, is presented for simplifying the conflicting objectives of the business and its shareholders with respect to the fundamental issues of control, liquidity, and capital. The investment objectives...
- White papers 2003-01-01
- Heritage and Tradition in Family Business: How Family-Controlled Enterprises Connect the Experience of their Past to the Promise of their Future
- Article points that Values driven families who control business enterprises build on their family's core values and relationship strengths to nurture future generations of leaders. These family-controlled businesses are "built to last." It explains that family business may be the greatest secret never told, or at least never reported. As...
- White papers 2001-01-01
- Family Business: The Perils and Positives of Work and Family
- Doing business with family members has never been a neutral topic. Family businesses are a time-honored tradition. In contrast, many companies have formal policies against doing business with people you have outside ties with, just because of the many possible complications. Article provides a discussion of how to accentuate the...
- White papers 2003-01-01
- Destroying Myths and Creating Value: The Hollis Experience in the Publix Family Business
- When one hears the phrase "family business", what thoughts or images come to his/her mind? Based on the stereotype of family business, one may have shared the thoughts of many—the image of the dying breed of mom and pop stores that make just enough to get by, do little to...
- White papers 2003-01-01
- Fort Worth, Texas, Company Wins Family Business Award.
- Knight Ridder/Tribune Business News Oct. 15 -- FORT WORTH, Texas -- Branch-Smith in Fort Worth has received the prestigious Family Values Award for 1999, awarded by the Institute for Family Business at Baylor University. The institute, which Baylor began in 1987, annually...
- Research articles 1999-10-15
- New Book Examines Conflict, Communication in the Family Business; Co-Authors Lead Cox Family Business Center at Kennesaw State University.(Book Review)
- Byline: Coles College of Business, Kennesaw State University KENNESAW, Ga., July 23 AScribe Newswire -- Conflict is a fact of business life, and the stakes rise even higher for family-owned business. A new book, "Conflict and Communication in the Family Business," explains how to...
- Research articles 2003-07-23
- Family Business Sourcebook II. - book reviews
- A virtual encyclopedia, the Family Business Sourcebook II is an oversized, 739-page collection of some of the best articles ever written about family business. The articles were collected from Family Business Review, Harvard Business Review, Nation's Business, and other sources. They cover such topics as succession, strategic planning, gift...
- Research articles 1996-08-01
- 5 Rules For A Thriving Family Business
- When you work with family, the boundaries between professional and personal are sure to overlap. Where does one role begin and the other leave off? Life at family-run businesses may be challenging, yet they are thriving. Family firms make up more than 80% of all business enterprises in North America....
- White papers
- A Multi-Level Family Business Choice Model: A Dichotomous Approach
- This paper develops a model to facilitate owners of family businesses in their decision-making. The model allows for priorities to be placed on family issues and business issues concurrently, in a dichotomous approach. The research is a complement to existing literature on family business interaction models and could provide a...
- White papers 2004-04-21
- The Family Business Center at NexTier Announces Updated Website: www.familybizcenter.com
- EVANS CITY, Pa. -- NexTier is pleased to announce that its Family Business Center has launched an updated website: www.familybizcenter.com. The Family Business Center is based in Cranberry Township, PA, north of Pittsburgh. Its team and network of strategic partners provides solutions to privately owned and family businesses nationwide....
- Research articles 2008-04-17
- How the Next Generation Can Succeed in Family Business
- This article addresses a segment of the family businesses generally comprehended by the common sense understanding of that term. The focus of this essay is members of families who share a commitment to continuing a legacy of shared values as much as prudently managing their capital together. Article describes pools...
- White papers 2003-01-01
- Resolving Family Business Conflicts
- Conflict is a normal part of any family relationship. But when a person combines standard sibling rivalries or parent-child conflicts with business disputes over money, management and ownership, both family and business relationships can take a terrible beating. Even if the family business is a model of harmony, it's a...
- White papers
- AmeriHealth N.J. teams up with Rutgers.(Family Business Forum)(Rutgers University School of Business )(Brief article)
- AMERIHEALTH NEW JERSEY, which has many customers who own small or family businesses, has become the premier sponsor of the Family Business Forum at the Rutgers University School of Business at Camden. AMERIHEALTH NEW JERSEY, which has many customers who own small or family...
- Research articles 2006-03-01
- Nominations Sought for Illinois Family Business of the Year.
- Knight Ridder/Tribune Business News Aug. 6 -- CHICAGO -- Friday is the last day to make nominations for the 1999 Illinois Family Business of the Year awards program. The program is sponsored by the firms that support the Loyola University Chicago Family...
- Research articles 1999-08-06
- Current Trends and Future Directions in Family Business Management Studies: Toward a Theory of the Family Firm
- "The purpose of this article is to take stock of the progress achieved in the field since the publication of our annotated bibliography and survey article in the mid-1990s that called for a strategic management approach to the study of family business. It is discussed in the...
- White papers 2003-01-01
