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6 Cards in this Set
- Front
- Back
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Five types of Family Business |
Traditional Trading Merchant Business European family business Asian Family business Small Scale Family Business Large scale family business |
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6 Typical Strength of family business |
Fewer conflicts of interest between owners and managers Efficient leadership Resource advantages Long-term orientation and continuity Culture of commitment and support Identity and reputation |
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6 Typical weaknesses of family businesses |
Dependence on family Agency costs because of altruism Succession challenges Resource Constraints Declining entrepreneurial orientation Role ambiguity |
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Three types of resources that family have |
Human Capital and Knowledge Financial Capital Social Capital |
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3 Industries where family firms are under presented |
Manufacturing High growth industries Financial Services |
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2 Industries where family business are dominant |
Beer industry Car Industry |
