Family business

family-ownedfamily ownedfamily companyfamily-owned businessfamily owned businessfamily enterprisefamily-runfamily-controlledfamily-owned businessesfamily
A family business is a commercial organization in which decision-making is influenced by multiple generations of a family, related by blood or marriage or adoption, who has both the ability to influence the vision of the business and the willingness to use this ability to pursue distinctive goals.wikipedia
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Bamboo network

business networksSoutheast Asia
The businesses are usually managed as family businesses to lower front office transaction costs as they are passed down from one generation to the next.

Business

for-profitenterprisefirm
A family business is a commercial organization in which decision-making is influenced by multiple generations of a family, related by blood or marriage or adoption, who has both the ability to influence the vision of the business and the willingness to use this ability to pursue distinctive goals.

Decision-making

decision makingdecisionsdecision
A family business is a commercial organization in which decision-making is influenced by multiple generations of a family, related by blood or marriage or adoption, who has both the ability to influence the vision of the business and the willingness to use this ability to pursue distinctive goals.

Family

familiesgrandsonfamilial
A family business is a commercial organization in which decision-making is influenced by multiple generations of a family, related by blood or marriage or adoption, who has both the ability to influence the vision of the business and the willingness to use this ability to pursue distinctive goals.

Consanguinity

consanguineousblood relativeconsanguine
A family business is a commercial organization in which decision-making is influenced by multiple generations of a family, related by blood or marriage or adoption, who has both the ability to influence the vision of the business and the willingness to use this ability to pursue distinctive goals.

Marriage

married couplesopposite-sex married couplesmarried
A family business is a commercial organization in which decision-making is influenced by multiple generations of a family, related by blood or marriage or adoption, who has both the ability to influence the vision of the business and the willingness to use this ability to pursue distinctive goals.

Adoption

adoptedadoptadoptive
A family business is a commercial organization in which decision-making is influenced by multiple generations of a family, related by blood or marriage or adoption, who has both the ability to influence the vision of the business and the willingness to use this ability to pursue distinctive goals.

Forbes 400

Forbes'' 400400 Richest AmericansForbes richest 400 Americans
Based on research of the Forbes 400 richest Americans, 44% of the Forbes 400 member fortunes were derived by being a member of or in association with a family business.

Walmart

Wal-MartWalmart SupercenterWal-Mart Stores, Inc.
Some of the world's largest family-run businesses are Walmart (United States), Samsung Group (Korea) and Tata Group (India).

Samsung

Samsung GroupSamsung SDISamsung Corporation
Some of the world's largest family-run businesses are Walmart (United States), Samsung Group (Korea) and Tata Group (India).

Tata Group

TataTatasTata International
Some of the world's largest family-run businesses are Walmart (United States), Samsung Group (Korea) and Tata Group (India).

University of St. Gallen

St Gallen UniversitySt. Gallen UniversityUniversity of St Gallen
In this index—published for a first time in 2015 by Center for Family Business University of St. Gallen and EY—for a privately held firm, a firm is classified as a family firm in case a family controls more than 50% of the voting rights.

Ernst & Young

Ernst and YoungEYErnst & Young LLP
In this index—published for a first time in 2015 by Center for Family Business University of St. Gallen and EY—for a privately held firm, a firm is classified as a family firm in case a family controls more than 50% of the voting rights.

Public company

Publicpublicly tradedpublicly traded company
In India, many businesses that are now public companies were once family businesses.

Succession planning

successionbusiness succession planningCareer & Succession Planning
Arieu proposed a model in order to classify family firms into four scenarios: political, openness, foreign management and natural succession.

Conflict resolution

reconciliationpeace processresolution
Some of the skill sets that might be needed include communication, conflict resolution, family systems, finance, legal, accounting, insurance, investing, leadership development, management development, and strategic planning.

Strategic planning

strategic planstrategic plansbusiness objectives
Some of the skill sets that might be needed include communication, conflict resolution, family systems, finance, legal, accounting, insurance, investing, leadership development, management development, and strategic planning.

E&F Miler Industries

Carl MilerMiler CoasterMiler Manufacturing
E&F Miler Industries (formerly Miler Coaster, Inc. and Miler Manufacturing) is a family-owned roller coaster manufacturing firm based in Portland, Oregon, United States.

Jim Crockett Promotions

Mid-Atlantic Championship WrestlingJCPNational Wrestling Alliance
Jim Crockett Promotions Inc. was a family-owned professional wrestling promotion headquartered in Charlotte, North Carolina, United States.

Behn Meyer

Behn, Meyer and Co
Behn Meyer Holding AG (referred as bm) is a German chemical company and family business that was founded as an overseas trading company in Singapore in 1840 and now develops, manufactures and distributes speciality chemicals.

ROSEN Group

ROSEN Group is a family business, headquartered in Stans, which specializes in the research, development, production, and operation of inspection devices for pipelines and other complex technical systems.

Neuman & Esser

Neuman & Esser (NEA) was founded as a family establishment in Aachen, Germany in 1830.