Family Business

Paper Summary:

The paper presents the thesis that family-owned firms in France and throughout the world are more profitable than other business firms. The paper provides an extensive literature review to determine the profitability of these businesses as compared to widely held or publicly owned businesses. The paper concludes with the finding that family-owned businesses are overall more profitable that non-family owned businesses.

Outline:
Statement of Thesis
Introduction
Purpose of This Study
Methodology
Literature Review
Findings

From the Paper:

"The Work of Kamran Farid entitled: "Being a Family-Owned Company Can Be A Competitive Advantage", states that there are advantages as well as disadvantages to "creating and running a family-owned business" however a loyal team and a focused owner/manager has the potential in the form of a family-owned business to "offer advantages that make it strong and successful while instilling loyalty and business passion in all who become part of the company." (Farid, 2006) This case study reports a family-owned business by the name of 'Edible Arrangements' which began in 1999 with the stated goal of creating "an international business of hand-sculpted fresh fruit bouquets."(Farid, 2006)"

Sample of Sources Used:

• Conway, Michael J and Baumgartner, Stephen J. (2007)There are three major pitfalls to avoid when operating a family-run business. The Family Owned Business Journal 2007 Vol. 10, Issue 2. Online available at: http://gbr.pepperdine.edu/072/family.html
• Corbetta, Guido, The Families in Business Conference, Milan, Italy, April 2005. "The Three Circle Model of Family Business Studies.
• Dorgan, Stephen J, Dowdy, John J; and Rippin, Thomas M (2006) Who Should--and Shouldn't--Run the Family Business" The McKinsey Quarterly, 2006: No. 3.
• Farid, Kamran (2006) Being a Family-Owned Company Can Be a Competitive Advantage. Franchising World 1 Apr 2006. Online available at: http://www.franchise.org/Franchise-News-Detail.aspx?id=18950
• Gersick, KE; Lansberg, I; Desjardins, M; and Dunn, B (1999) Stages and Transitions: Managing Change in the Family Business. Family Business Review, vol. XII no. 4 December 1999. Family Firm Institute Inc.

More papers on Family Business:

• Research Paper # 111807 : "Internationalizing Family Business"
• Term Paper # 98951 : "Family Business"
• Research Proposal # 106027 : "Overseas Chinese Family Businesses"

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