The influence of clan culture on local family businesses
There are plenty of studies on family and non-family businesses, and the vast majority have focused on the differences between both when it comes to choosing candidates to fill top management positions. Compared to non-family businesses, family companies are more concerned with objectives such as maintaining family control, altruism within their group, improving the family’s reputation, among others. In other words, they tend to prioritize family interests. And by virtue of this, they can introduce people into the management team more easily than in non-family companies, even if they do not have enough talent for the management of the company. ….[READ]
Disclaimer: This story is auto-aggregated by a computer program and has not been created or edited by budgetbuddy.
Publisher: Source link
Publisher: Source link
