Emerging Changes in Family Business

Author(s)	Surinder Kumar
Country	India
Abstract	A family business is a commercial organization in which decision making is influenced by multiple generations of a family-related by blood or marriage or adoption. It is a corporation that is entirely owned and managed by members of a single family. It is also known as a company owned, controlled and operated by the members of one or several families. It is one in which one or more members of one or more families have ownership, interest and significant commitment towards business. They are closely identified with the firm through leadership or ownership. It is a commercial organization in which decision making is influenced by multiple generations of a family – related by blood or marriage. They are closely identified with the firm through leadership or ownership. It may be defined as any business in which two or more family members are involved and the majority of the ownership or control lies within a family
Keywords	Family Members, Next Generation,Positive Aspects
Published In	Volume 6, Issue 4, July-August 2024
Published On	2024-08-31
Cite This	Emerging Changes in Family Business - Surinder Kumar - IJFMR Volume 6, Issue 4, July-August 2024. DOI 10.36948/ijfmr.2024.v06i04.26899
DOI	https://doi.org/10.36948/ijfmr.2024.v06i04.26899
Short DOI	https://doi.org/gt9hcb

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