A family business is a commercial organization in which decision-making is influenced by multiple generations of a family, related by blood, marriage, or adoption, who has both the ability to influence the vision of the business and the willingness to use this ability to pursue distinctive goals.
Family-owned businesses are closely identified through leadership or ownership. Such businesses are the oldest and most common model of an economic organization.
The purpose of this module is to understand the unique structures, operations, and dynamics of family-owned businesses.
Module Length: 22-25 Learner Hours