A Family Affair
Complexity, Culture, and Human Resources of the Family Business Have you ever worked for a small- to medium-sized organization? Perhaps one that is family owned? The first thoughts you had are probably a reflection of your experience with how well (or how inadequately) the organization was managed. Family businesses have the potential to be complex. Consequently, they are often stereotyped as being plagued with organizational culture issues (i.e. family drama and/or nepotism). However, family businesses are also known for achieving transgenerational goals and fulfilling long-term family aspirations. Creating an open and supportive culture and effectively managing human resources may...
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