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Challenges of Turkish Family Businesses Related to Effective Management Strategies

  • Huseyin Cirpan
  • Nihat Alayoglu
Chapter

Abstract

Interest in family businesses has recently been on the rise in Turkey. The main reason for this is that family firms dominate business life and make a big contribution to job creation and exports. However, running a family business poses intrinsic human dilemmas and unique challenges. Family dynamics tend to affect business dynamics and vice versa. Managing family relationships is an important characteristic of a family business. Managed effectively, a family business offers rewards on many fronts; if managed poorly, the business, including the family, may face many problems, leading to bankruptcy. Therefore, it is important to determine predictors of family business sustainability for the benefit of both the economy and the families owning firms.

Keywords

Turkish family business Dynamics of family business Family culture Sustainability of family and business 

JEL Codes

L21 L26 M21 

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Copyright information

© The Author(s) 2018

Authors and Affiliations

  • Huseyin Cirpan
    • 1
  • Nihat Alayoglu
    • 1
  1. 1.School of BusinessIstanbul Medipol UniversityIstanbulTurkey

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