1st Edition

Family Business and Management Objectives, Theory, and Practice

By Magdalena Biel, Beata Ślusarczyk Copyright 2023
    224 Pages 57 B/W Illustrations
    by Routledge

    224 Pages 57 B/W Illustrations
    by Routledge

    Family Business and Management: Objectives, Theory, and Practice characterizes the specificity of the functioning of family businesses through the prism of their objectives.

    It contains both theoretical considerations about the essence of family entrepreneurship and the objectives set by family businesses, as well as the results of a survey conducted among family business managers. The study concerned the objectives of family businesses and made it possible to confront the planned objectives with those actually implemented by these entities. Thanks to this approach, it is possible to assess the effectiveness of management, taking into account both business and non-business (family) aspirations. The classification models created in the course of the analyzes additionally help to organize the population of family businesses and better understand its diversity. The book also shows the impact of succession plans on setting objectives, as well as the importance of the management styles used in the implementation of objectives set by family businesses.

    This book will be valuable to students at an advanced level, academics, and practitioners. It addresses the topics with regard to management and organizational studies and will be of interest to organizational scholars, consultants, and leaders interested in establishing and realizing goals in family business.


    Chapter 1. Family businesses as a form of entrepreneurship
     1.1. Ambiguity in the definition of the concept of “family businesses”
     1.2. The specificity of the operation of family businesses
     1.3. Classifications of family businesses

    Chapter 2. Family entrepreneurship objectives
     2.1. Family business objective structure
     2.2. The impact of a specific bundle of objectives on the manner of family business management
     2.3. Succession as an integral objective of family businesses

    Chapter 3. Demographics and the manner family businesses operate in the world
     3.1. Significance of family businesses in the economies of selected countries
     3.2. Structure and role of family businesses in the Polish economy
     3.3 Family business management on the example of Poland

    Chapter 4. The objectives set by family businesses: Own research results
     4.1. Research methodology and research sample characteristics
     4.2. The operation of family businesses – selected aspects
     4.3. Objectives as the basis for creating family business classification models

    Chapter 5. The role of selected factors in planning and pursuing the objectives of family businesses
     5.1. Diversity of family business objectives
     5.2. Hierarchy of the objectives of family businesses in the context of succession plans
     5.3. The impact of management style on the accomplishment of objectives in family businesses



    Magdalena Biel is Assistant Professor at the Faculty of Management at Czestochowa University of Technology, Poland.

    Beata Ślusarczyk is Associate Professor and Head of the Department of Logistics, Faculty of Management at Czestochowa University of Technology, Poland. She is also an Extraordinary Associate Professor at Potchefstroom Campus of the North-West University, South Africa.