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The Concept of Family Businesses

In: Ownership in a Family Business as a Profession

Author

Listed:
  • Hermut Kormann
  • Monika Susanne Börner

Abstract

Entrepreneurship has a very long history. Without the sedentarization of humans about 10,000 years ago and the introduction of the understanding of land as property of individuals, businesses could not have developed. Today, there are various business concepts in terms of goals, strategy, corporate culture, and legal form. Almost all of them are also found in family businesses. Accordingly, the spectrum of family businesses is large—or in other words: The goals, strategies, and structures of family businesses are correspondingly individual.

Suggested Citation

  • Hermut Kormann & Monika Susanne Börner, 2024. "The Concept of Family Businesses," Springer Books, in: Ownership in a Family Business as a Profession, chapter 0, pages 11-24, Springer.
    • Handle: RePEc:spr:sprchp:978-3-658-45255-1_2
    DOI: 10.1007/978-3-658-45255-1_2
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