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Family Business
(redirected from Family enterprise)

   Also found in: Dictionary/thesaurus, Wikipedia 0.01 sec.
Family Business
A company in which one person or a group of related persons is the controlling shareholder. The term connotes a small business, but some family businesses are large, publicly-traded corporations. In the latter case, family members often serve on the board of directors and may appoint some of their number to major executive positions.


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The International Institute for Family Enterprises has invited family businesses from the Arab world and Germany, as well as experts in science and practice to utilise this two-day forum at the Ritz-Carlton Bahrain Hotel & Spa.
Their topics include the golden age of temple capitalism in Mesopotamia and India 2250-2000 BCE, trade and investment under the Phoenicians 2500-500 BCE, the triumph of Roman family enterprise 146 BCE to 14 CE, and business and culture beyond globalization.
There must be a healthy progression in the life of a viable family enterprise and the current owner must connect the past and present to the future through a process of planned transition.
 
 
 
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