The family business is the lifeblood of our global economy. This has been true throughout history and continues to be true today. The vast majority of firms are family owned, and they account for a significant percentage of most countries’ gross domestic product. Very importantly, they employ the majority of workers and account for the highest percentage of all new jobs. Family-owned firms are the pillars in our communities and our business society.
This book was written to introduce the reader to the importance of family-owned businesses to provide some evidence of their importance and to make the case that family-owned businesses are separate and unique compared with nonfamily businesses. When a family business owner or top manager ...
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