Introduction
What is understood by the term ‘family business management’? Does it mean a business managed by one member of a family or by many members of a family who are engaged in the business? It could be that all the family members who are part of the business have an equal share of the profits and therefore have an equal say in the decisions to be made in the business. Alternatively it might be that the family member designated as the Managing Director makes all the business decisions without necessarily needing to consult other members of the family.
However the business is organised, the [...]...







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