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Working for the Family
Family and Nonfamily Manager Subgroups in Family Business Management Teams
Inglese
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Globally, family-owned small businesses outnumber §large public corporations by a wide margin. They are §a tremendous force in the economies of many nations. §Yet they are sometimes described as "closely held" §businesses because of the complicated, personal §nature of their ownership and management. The §management teams of small family business often §contain multiple family members who have especially §complex relationships with their family member §coworkers and the business itself. Working alongside §them are professionals that are not related to the §business-owning family and who may never have a §chance to own a stake in the business they help make §successful. This book examines the management teams §of four small family business in the US to describe §how family managers and nonfamily managers interact §to make decisions together. The author uses social §network analysis to illustrate how the management §team members of both subgroups view the decision §making process and uses interviews to gain insight §into the meaning behind their views.
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