Family Business

Paper Summary:

The paper provides a literature review that examines the potential conflicts that can arise in family businesses and the practice of conflict resolution. The paper discusses the healthy nature of conflict in the family firm and explores why family businesses have such a global impact on business today.

Outline:
Introduction
Review of Literature
Conflict as Catalyst
Conclusion

From the Paper:

"There are thousands of strong family businesses of every size and type and they share a great deal in common, with issues that are unique to family. In the modern research on business the family business still gets a lot of attention, as a viable and sometimes strong business model with many common potential strengths and potential liabilities to analyze and consider. One area of particular interest to those who research family business is communication as the connections and history of families can both strengthen and weaken this factor depending upon the family."

Sample of Sources Used:

• Carey, Peter, Roger Simnett, and George Tanewski. 2000. Voluntary Demand for Internal and External Auditing by Family Businesses. Auditing: A Journal of Practice & Theory : 37.
• Corbetta, Guido, and Carlo Salvato. 2004. Self-Serving or Self-Actualizing? Models of Man and Agency Costs in Different Types of Family Firms: A Commentary on "Comparing the Agency Costs of Family and Non-Family Firms Conceptual Issues and Exploratory Evidence". Entrepreneurship: Theory and Practice 28, no. 4: 355.
• Fighting Chance of a Healthy Family Firm. 1998. The Birmingham Post (England), November 19, 15.
• Fletcher, Denise E., ed. 2002. Understanding the Small Family Business. London: Routledge.
• 1998. "Introduction". In From Family Firms to Corporate Capitalism: Essays in Business and Industrial History in Honour of Peter Mathias, ed. Bruland, Kristine and Patrick O'Brien:1-16. Oxford: Clarendon Press.

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