The family is a key socio-economic unit in society. The nature of its organization is shaped by cultural values and … family, values, norms) tend to reproduce themselves over time, revealing a certain inability to make the necessary … adjustments to new challenges. This chapter argues that in familistic societies - where family ties are strongly rooted in …

Family businesses form an inseparable part of each national economy. Therefore, it is necessary to pay significant … the implementation of key aspects within the entrepreneurial practice of family businesses that considerably affect their … organisational structure, finance, a constituted family council and a proper code of ethics, have a considerable effect on the growth …