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Intercompany Conditions For Development Of Family Business

Author

Listed:
  • RAYA MADGEROVA
  • VYARA KYUROVA
  • ANNY ATANASOVA
  • BLAGOVESTA KOYUNDZHIYSKA-DAVIDKOVA

    (SOUTH-WEST UNIVERSITY "NEOFIT RILSKI", BLAGOEVGRAD)

Abstract

The present article emphasizes the intercompany conditions for development of family business. The aim is to research and analyze some of the conditions that are more defined for development of the family business and in connection with their improvement to be brought out those of them that require special attention by the business owners, respectively managers. Statistical data from the European Family Business Barometer and results from own questionnaire survey are used. The role of the family business in the economy is also presented. The economic and management internal company conditions for the success of the family enterprise are discussed. Accordingly to the nature and role of this business are determined significant economic conditions such as availability of market opportunities, conducting of market research, consideration of offering products with consumer demand, innovation performance, business financing and investment. The article also considers the following important management conditions: a clear vision of the direction of business development, availability of managements’ and economics education of owners, availability of management and delegation of rights, creating a balance between business and family.

Suggested Citation

  • Raya Madgerova & Vyara Kyurova & Anny Atanasova & Blagovesta Koyundzhiyska-Davidkova, 2016. "Intercompany Conditions For Development Of Family Business," Entrepreneurship, Faculty of Economics, SOUTH-WEST UNIVERSITY "NEOFIT RILSKI", BLAGOEVGRAD, vol. 4(2), pages 186-202.
    • Handle: RePEc:neo:epjour:v:4:y:2016:i:2:p:186-202
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    More about this item

    Keywords

    family business; economic role; corporate development conditions; economic conditions; management conditions;
    All these keywords.

    JEL classification:

    • M12 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - Personnel Management; Executives; Executive Compensation
    • M21 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Economics - - - Business Economics

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