Family businesses are all around us: from local ‘mom-and-pop’ stores and the millions of small and medium-sized companies that underpin many economies to household names such as BMW, Samsung and Wal-Mart Stores. One-third of all companies in the SandP 500 index and 40 per cent of the 250 largest companies in France and Germany are defined as family businesses, meaning that a family owns a significant share and can influence important decisions, particularly the election of the chairman and CEO (Caspar, Dias and Elsdrodt, 2010).
- Family Firm
- Family Business
- Succession Process
- Family Ownership
- Succession Planning
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© 2012 Lorna Collins, Louise Grisoni, Claire Seaman, Stuart Graham, Dominique Otten, Rebecca Fakoussa and John Tucker
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Collins, L. (2012). The Family Business. In: The Modern Family Business. Palgrave Macmillan, London. https://doi.org/10.1057/9781137001337_1
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