Concept information
Preferred term
family business: defining
Definition
- The term family business refers to a subset of business organizations within the economic landscape. Whereas many new ventures could be family businesses, firms are generally classified as family businesses by criteria or combinations of criteria, including family ownership, management by a family member, operational involvement of family members, and family member involvement across generations. [Source: Encyclopedia of New Venture Management; Family Business: Defining]
Broader concept
Belongs to group
URI
https://concepts.sagepub.com/social-science/concept/family_business:_defining
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