I grew up in a family business in South Africa (Bianchi Hotels [Pty] Ltd.) and have dedicated my entire life to family business. Family businesses make up between 70% and 92% of all businesses worldwide, varying between different cultures and countries. Nonetheless, the numbers are there and they are astounding. More than half the United States’ gross domestic product is produced by family businesses, and they are the largest job creators (employers) in the nation.
Family businesses are unique in character and face many different and pertinent issues that are not encountered in corporate firms. Dr. Keanon Alderson depicts, in a very coherent and systematic way, the differences between family businesses and nonfamily businesses. Dr. ...
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