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Context and Uniqueness of Family Businesses

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Family Businesses in Transition Economies

Abstract

Family businesses represent the majority of companies and are an important source for the generation of jobs in most countries. Longevity is very important for the family businesses and for economies as a whole. Succession is one of the most difficult decisions for the family business, and one of the most important. When business leadership transitions are not well structured they may cause expensive legal issues leading to the sale or eventual loss of the business. This chapter presents a review of some general, but very important issues, related to family businesses.

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Author information

Authors and Affiliations

  1. Faculty of Business and Economics, South-East European University, Ilinden 335, 1200, Tetovo, Republic of Macedonia

    Veland Ramadani

  2. Management Department, Worcester Polytechnic Institute, Worcester, MA, USA

    Frank Hoy

Authors
  1. Veland Ramadani
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  2. Frank Hoy
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Correspondence to Veland Ramadani .

Editor information

Editors and Affiliations

  1. GSCM Montpellier Business School, Montpellier, France

    Léo-Paul Dana

  2. South-East European University, Tetovo, Macedonia

    Veland Ramadani

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Ramadani, V., Hoy, F. (2015). Context and Uniqueness of Family Businesses. In: Dana, LP., Ramadani, V. (eds) Family Businesses in Transition Economies. Springer, Cham. https://doi.org/10.1007/978-3-319-14209-8_2

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